Total Needs Mozambique’s Approval on $4.5 Billion LNG Cost Hike

TotalEnergies SE needs Mozambique’s approval for a $4.5 billion increase in cost to its liquefied natural gas project before restarting construction that’s been delayed since 2021 due to security issues.

The government signoff is required for “the incremental costs incurred” by the onshore facility during the closure of the site, the French oil major said in a copy of a letter seen by Bloomberg from Total Chief Executive Officer Patrick Pouyanne to Mozambique President Daniel Chapo.