{"id":42706,"date":"2023-07-15T18:39:46","date_gmt":"2023-07-15T18:39:46","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028"},"modified":"2023-07-15T19:15:53","modified_gmt":"2023-07-15T19:15:53","slug":"totalenergies-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028","title":{"rendered":"TotalEnergies to restart Mozambique LNG project in 2024, first gas in 2028"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>An analyst from consultancy Rystad Energy who follows Mozambique on Monday told Lusa that TotalEnergies will only resume its Mozambique LNG project in early 2024, delaying the start of gas production to 2028.<\/p>\n

\u201cThings could be complicated, as contracts may need to be renegotiated and new agreements may include the impact of inflation as well, which could lead to delaying the lifting of \u2018force majeure\u2019 to next year; so we estimate the project only starting in 2028,\u201d Pranav Joshi said.<\/p>\n

In an interview with Lusa regarding the return of the French oil major to Cabo Delgado, the Rystad Energy analyst said that TotalEnergies would also face increased costs on returning to the Mozambican province, not only due to the need to renegotiated contracts, but also due to the significant rise in inflation, not only in Mozambique, but also globally.<\/p>\n

In 2021, due to insecurity in the region, TotalEnergies invoked \u2018force majeure\u2019 to suspend operations and made the return to work dependent not only on guaranteeing working conditions, but also on the conclusions of an independent report on social conditions and safety of local populations.<\/p>\n

\u201cTotalEnergies appears to be working behind the scenes to ensure a smooth lifting of \u2018force majeure\u2019, and they were aiming for the end of the year, having recently published a report signed by human rights expert Jean-Christophe Rufin, which made many recommendations, including the establishment of a multi-year socio-economic budget of US$200 million,\u201d the analyst added.<\/p>\n

Speaking to Lusa following news on the Zitamar website that pointed to a 25% increase in the project\u2019s costs, the leader of the energy department at Rystad Energy stressed that this rise in prices is applicable not only in Mozambique but in the rest of the continent as well.<\/p>\n

\u201cGlobally, liquefied natural gas costs have increased by 25%, but, based on the scope and execution model, the figure varies from project to project, typically between 15 to 30%,\u201d Audun Martinsen explained.<\/p>\n

\u201cSo, if TotalEnergues has not changed the concept of the project, they will be exposed to the same level of rising inflation as the others,\u201d he concluded.<\/p>\n

Mozambique has three development projects approved to exploit the natural gas reserves in the Rovuma basin off the coast of Cabo Delgado, ranked among the largest in the world.<\/p>\n

The larger two of the foresee channelling the gas from the bottom of the sea to land prior to cooling it in a plant and exporting it by sea in a liquid state.<\/p>\n

One is led by TotalEnergies (Area 1 consortium), and work was advancing until they were suspended indefinitely following an armed attack on Palma in March 2021, when the French energy company declared that it would only resume work when the area was safe.<\/p>\n

The other is the still unannounced investment led by ExxonMobil and Eni (Area 4 consortium).<\/p>\n

A third completed and smaller project also belongs to the Area 4 consortium and consists of a floating platform for capturing and processing gas for export directly by sea, which started operation in November, 2022.<\/p>\n

The floating platform is expected to produce 3.4 mtpa (million tons per year) of liquefied natural gas. Area 1 aims for 13.12 mtpa and the land plan for Area 4 forecasts 15 mtpa.<\/p>\n

The province of Cabo Delgado has been terrorised since 2017 by armed rebels, with some attacks claimed by the extremist group Islamic State.<\/p>\n

The conflict has already displaced one million people, according to the United Nations High Commissioner for Refugees (UNHCR), and around 4,000 deaths, according to the ACLED conflict registration project.<\/p>\n

An offensive by government troops with the support of Rwanda, which was later joined by the Southern African Development Community (SADC), made it possible to increase security, recovering several areas where there was a presence of rebels, namely the town of Mocimboa da Praia, which was occupied since August 2020.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. An analyst from consultancy Rystad Energy who follows Mozambique on Monday told Lusa that TotalEnergies will only resume its Mozambique LNG project in early 2024, delaying the start of gas production to 2028. \u201cThings could be complicated, as contracts may need to be renegotiated and new agreements may include the impact of […]<\/p>\n","protected":false},"author":84,"featured_media":42705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-42706","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":"\nTotalEnergies to restart Mozambique LNG project in 2024, first gas in 2028 - Mozambique<\/title>\n<meta name=\"description\" content=\"An analyst from consultancy Rystad Energy who follows Mozambique on Monday told Lusa that TotalEnergies will only resume ...\" \/>\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-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TotalEnergies to restart Mozambique LNG project in 2024, first gas in 2028\" \/>\n<meta property=\"og:description\" content=\"An analyst from consultancy Rystad Energy who follows Mozambique on Monday told Lusa that TotalEnergies will only resume ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028\" \/>\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=\"2023-07-15T18:39:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-15T19:15:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432130.334513.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"744\" \/>\n\t<meta property=\"og:image:height\" content=\"496\" \/>\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=\"3 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-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TotalEnergies to restart Mozambique LNG project in 2024, first gas in 2028\",\"datePublished\":\"2023-07-15T18:39:46+00:00\",\"dateModified\":\"2023-07-15T19:15:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028\"},\"wordCount\":640,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432130.334513.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-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-to-restart-mozambique-lng-project-in-2024-first-gas-in-2028\",\"name\":\"TotalEnergies to restart Mozambique LNG project in 2024, first gas in 2028 - 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