{"id":38039,"date":"2023-05-03T10:37:09","date_gmt":"2023-05-03T10:37:09","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements"},"modified":"2023-05-03T10:57:18","modified_gmt":"2023-05-03T10:57:18","slug":"totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements","title":{"rendered":"TotalEnergies says Mozambique LNG restart complicated by cost disagreements"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>The restart of TotalEnergies\u2019 $20 billion Mozambique liquefied natural gas (LNG) project is being complicated by disagreements with contractors over extra costs, the company said on Thursday.<\/p>\n<p>The French energy company holds a leading 26.5% stake in the development, which was halted in 2021 after Islamic State-linked insurgents attacked civilians in Mozambique\u2019s northern Cabo Delgado province where the LNG project is located.<\/p>\n<p>TotalEnergies CEO Patrick Pouyanne told investors on Thursday that cost considerations were now the last step before restarting Mozambique LNG as the security situation has stabilized.<\/p>\n<p>\u201cWe need the contractors to be reasonable, some of them are not &#8230; and have tried to benefit from the situation,\u201d Pouyanne said. \u201cThere is no way for us to accept some undue costs \u2013 we have paid what we have had to pay because we stopped the project and have to restart, we don\u2019t see why we should pay more than that. So that\u2019s where we are.\u201d<\/p>\n<p>This week Mozambique President Filipe Nyusi said the Cabo Delgado province was safe enough for the project to restart, while energy services group Saipem said it was notified by Total to prepare for a restart in July.<\/p>\n<p>The French company has previously said it would wait for a commissioned report on the humanitarian situation on the ground before coming to a final decision with project partners.<\/p>\n<p>A TotalEnergies spokesperson on Wednesday said that report \u2014 initially expected by the end of February \u2014 was still a work in progress and declined to give a date for its completion.<\/p>\n<p>The project was initially slated to deliver its first LNG cargo in 2024, with plans to produce up to 43 million tonnes of gas annually.<\/p>\n<p>Pouyanne said on Thursday he was not worried by the project\u2019s delay, and that so far no buyers who have pre-signed to take the gas have exercised their right to withdraw.<\/p>\n<p>\u201cIf some buyers prefer to withdraw we are ready to take more ourselves, so we are open to that, but some Japanese buyers are also ready to take more &#8230; there is some appetite in the market, the project is well located directly on the Indian Ocean,\u201d Pouyanne said.<\/p>\n<p>Total\u2019s project is among energy developments worth a combined $60 billion that would revolutionise Mozambique\u2019s $15 billion economy<\/p>\n<p>Mozambique LNG\u2019s other shareholders are Mozambique\u2019s ENH, Japan\u2019s Mitsui &amp; Co., Thailand\u2019s PTTEP and Indian firms ONGC Videsh, Bharat Petroleum and Oil India Ltd.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. The restart of TotalEnergies\u2019 $20 billion Mozambique liquefied natural gas (LNG) project is being complicated by disagreements with contractors over extra costs, the company said on Thursday. The French energy company holds a leading 26.5% stake in the development, which was halted in 2021 after Islamic State-linked insurgents attacked civilians in Mozambique\u2019s [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":38038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-38039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TotalEnergies says Mozambique LNG restart complicated by cost disagreements - Mozambique<\/title>\n<meta name=\"description\" content=\"The restart of TotalEnergies\u2019 $20 billion Mozambique liquefied natural gas (LNG) project is being complicated by disagre ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TotalEnergies says Mozambique LNG restart complicated by cost disagreements\" \/>\n<meta property=\"og:description\" content=\"The restart of TotalEnergies\u2019 $20 billion Mozambique liquefied natural gas (LNG) project is being complicated by disagre ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-03T10:37:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-03T10:57:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/05\/postQueueImg_1683094046.83.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TotalEnergies says Mozambique LNG restart complicated by cost disagreements\",\"datePublished\":\"2023-05-03T10:37:09+00:00\",\"dateModified\":\"2023-05-03T10:57:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements\"},\"wordCount\":420,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/05\/postQueueImg_1683094046.83.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-says-mozambique-lng-restart-complicated-by-cost-disagreements\",\"name\":\"TotalEnergies says Mozambique LNG restart complicated by cost disagreements - 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