Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Devon–Coterra deal signals investors still rule the shale patch – Oil & Gas 360

March 3, 2026

As Oil Surges To $80, China’s Stockpiles Become Strategic Leverage

March 3, 2026

Prairie Operating Co. Announces Leadership Team Changes – Oil & Gas 360

March 3, 2026
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » TotalEnergies to restart Mozambique LNG project after force majeure lifted
Executive Moves

TotalEnergies to restart Mozambique LNG project after force majeure lifted

omc_adminBy omc_adminOctober 27, 2025No Comments2 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


(Bloomberg) – TotalEnergies SE and its partners will end force majeure on their liquefied natural gas project in Mozambique, paving the way for work to formally restart on the export terminal after years of suspension, the company said.

Total in 2021 froze the $20 billion plan to build what was at the time hailed as Africa’s biggest private investment, after Islamic State-linked militants carried out a major attack on the nearby town of Palma, in northeast Mozambique. 

“The Mozambique LNG consortium has taken the decision to lift the force majeure and the Mozambican presidency was officially informed on Friday by means of a protocol letter,” TotalEnergies said in a statement. “As a final step before fully relaunching the project, Mozambique’s Council of Ministers needs to approve an addendum to the plan of development with the updated budget and schedule.”

The decision to lift the suspension follows a deal reached between the government and Total’s consortium on how to treat future taxes against $4.5 billion in additional costs incurred since 2021, according to the local news site Zitamar, which reported the news earlier. The $20 billion estimate was made before the project was halted, and it’s unclear how much the updated plan will cost.

The project promises to help transform the economy of one of the world’s poorest nations. Yet the Mozambique LNG plant is located in a region ravaged by an Islamist insurgency since 2017. While foreign troops helped contain the violence after the 2021 attack, there’s been a resurgence in recent months.

Nearly 100,000 people have been displaced since September, the United Nations Office for the Coordination of Humanitarian Affairs said this week. With 633 incidents targeting civilians recorded so far, 2025 is on track to become one of the most violent in recent history, according to the organization.

See also: TotalEnergies moves to restart work on $20 billion Mozambique LNG, sources say

Listen: Generative AI, visualization and digital twins, advancing the energy transition and value chains



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Extended Hormuz closure could push oil toward $110, analyst warns

March 3, 2026

Argentina expands incentives to spur Vaca Muerta shale oil investment

March 3, 2026

Iran conflict raises risk of oil and LNG supply shock, Enverus says

March 3, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Federal Reserve cuts key rate for first time this year

September 17, 202513 Views

Inflation or jobs: Federal Reserve officials are divided over competing concerns

August 14, 20259 Views

Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire – Oil & Gas 360

December 16, 20258 Views
Don't Miss

Extended Hormuz closure could push oil toward $110, analyst warns

By omc_adminMarch 3, 2026

(WO) – Escalating conflict involving Iran is unfolding alongside the Strait of Hormuz, raising the…

Argentina expands incentives to spur Vaca Muerta shale oil investment

March 3, 2026

Iran conflict raises risk of oil and LNG supply shock, Enverus says

March 3, 2026

US petrol prices surge as Trump’s Iran war triggers inflation worries

March 3, 2026
Top Trending

XeleratedFifty Acquires Carbon Management Platform Terrascope

By omc_adminMarch 3, 2026

Global economy must stop pandering to ‘frivolous desires of ultra-rich’, says UN expert | Environment

By omc_adminMarch 3, 2026

KPMG Appoints Gauthier Acket as Head of Global ESG

By omc_adminMarch 3, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202515 Views

AI’s Next Bottleneck Isn’t Just Chips — It’s the Power Grid: Goldman

November 14, 202514 Views

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views
Our Picks

Oil Rally Pauses After Trump Pledge

March 3, 2026

UAE Reports Major Fire at Fujairah Oil Hub

March 3, 2026

Argentina expands incentives to spur Vaca Muerta shale oil investment

March 3, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.