TotalEnergies to Begin LNG Deliveries in Mozambique by 2029, CEO Reports

• The LNG project was suspended for nearly five years following a deadly attack by Islamist militants
• TotalEnergies will provide financial aid to Mozambique following recent deadly floods in the country
• A major increase in project activity is expected in Mozambique in the coming months as operations accelerate toward the 2029 delivery target

TotalEnergies to Resume Mozambique LNG Operations with 2029 Target

TotalEnergies CEO Patrick Pouyanne announced Thursday that the company remains on schedule to begin liquefied natural gas (LNG) deliveries from its Mozambique project by 2029. The announcement came during a ceremony in Mozambique marking the resumption of operations at the LNG plant, which was suspended nearly five years ago following a deadly Islamist militant attack.

Key Developments:

• The project will see a "massive ramp up" in activity over the coming months
• Operations were halted approximately five years ago due to security concerns following militant attacks
• TotalEnergies has committed to providing financial aid to Mozambique in response to recent deadly floods affecting the country

Market Implications:

The restart of this major LNG project represents a significant development for both TotalEnergies' production portfolio and global LNG supply. The 2029 timeline suggests a four-year construction and development period ahead. This project's resumption comes at a critical time for global energy markets, as LNG demand continues to grow, particularly in Asia and Europe.

The successful restart depends on improved security conditions in northern Mozambique, where the facility is located. TotalEnergies' commitment to the project, despite the previous disruption, signals confidence in the region's stability and the project's economic viability.

The addition of Mozambique LNG volumes by 2029 could impact global gas markets and strengthen TotalEnergies' position in the increasingly strategic LNG sector. The project represents one of Africa's largest natural gas developments and could significantly boost Mozambique's economy once operational.