Mozambique says TotalEnergies-led LNG project to relaunch on Thursday

Mozambique's government said on Thursday that President Daniel Chapo and TotalEnergies Chief Executive Patrick Pouyanne would relaunch at a ceremony on Thursday the Liquefied Natural Gas (LNG) project the French energy company is leading.

"The resumption of the project ... represents a significant milestone for the national economy and reaffirms the confidence of international partners in the energy, institutional and human potential of Mozambique," a statement from Chapo's office said.

Construction of the $20 billion project was brought to a halt in 2021 because of an Islamist militant attack, but late last year TotalEnergies said it was ready to resume work at the site in the northern province of Cabo Delgado.

Mozambique LNG is owned by TotalEnergies (26.5%), Japan's Mitsui (20%), ENH (15%), Bharat Petroleum (10%), Oil India (10%), ONGC Videsh (10%) and Thailand's PTTEP (8.5%).

-Custodio Cossa and Wendell Roelf/Reuters