TotalEnergies is all set to build its delayed Mozambique LNG project, according to CEO Partick Pouyanné.
Speaking on a call to analysts today (30 October), he said, “We’ve had a long discussion with contractors … and realigned the whole system to properly execute this project – we’ve done all the detailed engineering and procurement, and we are purely in construction mode [from here].” The energy giant is working towards a delivery timeline of 2029.
Pouyanné clarified the rising budget, saying it had risen $4.5bn to $20.5bn, but he stressed this was around $5bn less than some reports had indicated.
Interest in the project has resurfaced after TotalEnergies and its partners lifted ‘force majeure’ on 25 October.
… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld
You’ve reached your weekly limit to access free articles!
Want to keep reading?
Please register for free and create a profile to gain access to this full article and gasworld’s daily news.
For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.
Alternatively, you can continue reading more articles as a guest on Thursday, 6th November at 3:28PM
