{"id":15860,"date":"2025-10-26T07:43:02","date_gmt":"2025-10-26T07:43:02","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=15860"},"modified":"2025-10-26T07:43:02","modified_gmt":"2025-10-26T07:43:02","slug":"totalenergies-lifts-force-majeure-on-20-billion-mozambique-lng-project-after-four-year-suspension","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/15860\/","title":{"rendered":"TotalEnergies Lifts Force Majeure on $20 Billion Mozambique LNG Project After Four-Year Suspension"},"content":{"rendered":"

RoydadNaft<\/a> \u2013 French energy giant TotalEnergies and its partners have officially lifted the force majeure on the long-delayed $20 billion Mozambique LNG project, marking a key step toward restarting operations that were halted four years ago due to militant attacks in the country\u2019s northern Cabo Delgado province.<\/p>\n

The notice of lifting the suspension was formally sent to the Mozambican government on Friday, according to a company spokesperson. However, TotalEnergies emphasized that the project will not be fully relaunched until the government approves an updated budget and implementation schedule.<\/p>\n

\u201cBefore fully relaunching the project, Mozambique\u2019s Council of Ministers needs to approve an addendum to the plan of development,\u201d TotalEnergies said in a statement.<\/p>\n

Originally expected to start production in 2024, the 13 million-ton-per-year LNG project is now forecast to come online in 2029, nearly five years behind schedule.<\/p>\n

The extended delay and heightened security requirements have significantly increased project costs. Indian partner Bharat Petroleum estimated last year that the four-year suspension added at least $4 billion to the original cost, bringing the total to $24 billion. Negotiations between the shareholders and the Mozambican government are ongoing to determine how the additional costs will be shared.<\/p>\n

TotalEnergies, which holds a 26.5% stake and operates the project, has already secured long-term sales contracts for nearly 90% of the plant\u2019s future output. Buyers include China\u2019s CNOOC, France\u2019s EDF, and Shell, while a portion of the gas will be allocated to Mozambique\u2019s state energy company ENH.<\/p>\n

Currently 40% complete, the Mozambique LNG project will resume in a limited \u201ccontainment mode,\u201d with access to the site restricted to air and sea routes for security reasons.<\/p>\n

The project\u2019s ownership structure includes: TotalEnergies (26.5%), Mitsui (20%), ENH (15%), Bharat Petroleum (10%), Oil India (10%), ONGC Videsh (10%), and Thailand\u2019s PTTEP (8.5%).<\/p>\n

The resumption of Mozambique LNG is seen as a crucial test of the country\u2019s ability to ensure long-term political stability and security, which are key to unlocking its vast offshore natural gas reserves, where major players such as ENI and ExxonMobil also have significant interests.<\/p>\n

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