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Saipem expects the $20-billion Mozambique LNG project, halted for four years, to restart construction by the end of summer.
TotalEnergies is locked in talks with the Mozambique government about creating the right conditions to restart work on its ...
The Mozambique LNG project that the Export-Import Bank just approved a loan for will benefit not only southern Africa but also the US economy. On March 13, 2025, the U.S. Export-Import Bank (EXIM) ...
Italy's Saipem is confident that a $20-billion liquefied natural gas project in Mozambique for TotalEnergies will restart by the end of the summer, the CEO of the energy contractor said on Thursday.
Mozambique's government has created the necessary conditions for TotalEnergies to resume its $20B liquefied natural gas project, Minister of Mineral Resources and Energy Estevao Pale said .
The project’s opponents argue the Export-Import Bank lacked a quorum to approve the loan and failed to consider environmental or security risks.
The situation led Mozambique LNG to declare force majeure in April 2021. The government of Mozambique is responsible for restoring security: that is the prerogative of a sovereign state.
Mozambique LNG is underpinned by long-term contracts covering more than 85% of its production capacity. Its foundation customers include both end-users and portfolio players.
The US Export-Import Bank has sanctioned a $5bn (€4.61bn) loan to support the Mozambique LNG project spearheaded by TotalEnergies, marking a step towards resuming the $20bn venture.
Total’s Mozambique LNG Revival Risks Throwing $4.7 Billion Loan Into Review Security threat by insurgency shut project in early 2021 US has provided biggest portion of $16 billion in financing ...
Mozambique expects to ship its first liquified natural gas (LNG) exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said ...
LNG novice Anadarko, meanwhile, has had to go through the time-consuming process of locking in long-term buyers for its gas and multi-billion-dollar financing from banks mindful of Mozambique's ...