Article

TotalEnergies is resuming its $20 billion liquefied natural gas project in Mozambique, which had been on hold since 2021 due to security issues stemming from Islamist militants. The project, expected to produce 13 million metric tons of LNG annually and start operations in 2029, has seen a $4.5 billion cost increase and increased equity from TotalEnergies after some investors withdrew. Security improvements in the Cabo Delgado province, aided by Rwandan forces, have facilitated the project's restart, although the region remains volatile.