TotalEnergies Lifts Force Majeure on $20B Mozambique LNG Project After Four-Year Halt

TotalEnergies and its partners have lifted the force majeure status on the $20 billion Mozambique LNG project, which had been suspended for four years due to Islamist militant attacks. The project, 40% completed, is expected to resume once the Mozambican government approves a revised development plan with an updated budget and schedule, targeting LNG production by 2029. Costs have increased by at least $4 billion, largely due to security measures and the stoppage period, with negotiations ongoing on how to share these additional expenses. The Mozambique LNG project, led by TotalEnergies with a 26.5% stake, is Africa's largest private energy investment and aims to produce 13 million tons of LNG annually. Despite ongoing regional security challenges, the project has secured contracts for 90% of its future output with major buyers like China’s CNOOC and Shell. The relaunch signals renewed confidence in Mozambique's potential as a major LNG exporter amid continued jihadist activity in the region.