Mozambique LNG still on course—Total
Total's liquefaction project remains on schedule to come onstream in 2024 despite the country’s deteriorating security situation
Total has reaffirmed its commitment to the 13.1mn t/yr Mozambique LNG development, but it also stresses that certain caveats about necessary security requirements remain. The insurgency in the north of the country has not impacted the project's progress, according to CEO Patrick Pouyanne. The development—also known as Rovuma Basin or referred to by its onshore location of Afungi—is still in its planning, logistics and offshore phases of development. Total intends to continue with its investment, FID on which has already been taken, in the east African nation. "The insurgency...has not impacted the project's progress" Pouyanne, Total But Pouyanne emphasises
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields