Mozambique has established the conditions necessary for TotalEnergies to resume its $20 billion LNG project, according to the country’s energy minister. The project, located in Cabo Delgado, began after the discovery of significant natural gas reserves off the northern coast in 2010 and reached a final investment decision in 2019.
In 2021, TotalEnergies suspended operations following a deadly insurgent attack near its Afungi site. The violence, attributed to Islamic State-linked militants, raised serious security concerns and halted progress.
With improvements in regional security, the company now plans to restart development this summer. CEO Patrick Pouyanné recently met with President Daniel Chapo to discuss stabilization efforts and the planned resumption of work.
In March 2025, the US Export-Import Bank approved a $5 billion loan to support the project, providing a significant financial boost. Widely regarded as critical to Mozambique’s economic development, the project is expected to generate substantial revenue, create employment opportunities, and contribute to poverty alleviation.
source: africa.businessinsider.com
African Energy Council