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Mozambique Expects Decision By March on $20 Billion Gas Project Restart

  • TotalEnergies froze project last year due to deadly raids
  • Mozambican economy to grow 5% in 2022, beating early forecasts

Mozambique’s Finance Minister Max Tonela is “very optimistic” that TotalEnergies SE will make a decision by March to resume work on its $20 billion liquefied natural gas export project that Islamic State-linked violence put on hold.

“What Total has required is a long-term security assurance” and the government thinks the necessary conditions are in place, Tonela said in a Sept. 16 interview in Maputo, the southeast African nation’s capital. “Of course, they have to analyze and take a decision on their own.”