Patrick Pouyanne, TotalEnergies CEO
Rising costs threaten Mozambique LNG
As security improves, TotalEnergies has other concerns
TotalEnergies’ stalled Mozambique LNG project may face further delays, despite improvements to the security situation in the region. The French major halted the onshore development and declared force majeure in April 2021 following deadly attacks by insurgents. CEO Patrick Pouyanne has now expanded the criteria for the project to resume, going above and beyond his previous statements which only emphasised security. Speaking at the TotalEnergies’ annual results presentation, Pouyanne describes his recent visit to Mozambique — and the Cabo Delgado province in particular — saying “what I have seen of the security situation is good”. “If costs keep going up, we will wait” Pouyanne, TotalEn
Also in this section
25 March 2025
Cote d’Ivoire’s ambitions to become a major regional producer have gained renewed momentum, with established players and new entrants striking upstream deals and committing to long-term investment
24 March 2025
Indian E&P company wants to take domestic production to a new horizon, given the amount of unexplored opportunities
21 March 2025
Two recent developments raise the prospect of a revival in northern Iraqi oil and gas fortunes, but familiar obstacles could thwart momentum
20 March 2025
As cash-strapped Western governments commit to substantially raising defence expenditure, a similar dynamic is playing out in Saudi Arabia’s oil and gas sector, as Saudi Aramco maintains it heavy capex push despite reduced revenues
