{"id":47727,"date":"2023-10-01T20:07:54","date_gmt":"2023-10-01T20:07:54","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-reiterates-commitment-to-work-with-mozambique-on-gas"},"modified":"2023-10-01T21:54:33","modified_gmt":"2023-10-01T21:54:33","slug":"totalenergies-reiterates-commitment-to-work-with-mozambique-on-gas","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-reiterates-commitment-to-work-with-mozambique-on-gas","title":{"rendered":"TotalEnergies reiterates commitment to work with Mozambique on gas"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The French oil and gas company, TotalEnergies, has reiterated its commitment to work in Mozambique, taking into account that over the last 15 years the government has created effective regulations that are attractive to private investment.<\/p>\n

According to the company\u2019s Chairperson and Managing Director in Mozambique, Maxime Rabilloud, who was speaking on Wednesday, during a high-level panel entitled \u201cOverview of Global Markets \u2013 Attracting Investment in the Next Phase of Energy Projects\u201d, at the 8th Mozambican Gas and Energy Summit and Exhibition, a two-day event taking place in Maputo, the commitment of the Mozambican state ensures investment for the long term.<\/p>\n

The TotalEnergies project, in Palma district, in the northern province of Cabo Delgado, is budgeted at 23 billion dollars, easily the largest foreign investment in Mozambique to date. However, it was interrupted in 2021 when Islamist terrorists attacked Palma town.<\/p>\n

The French company declared \u201cforce majeure\u201d, and withdrew all its staff from Palma, but in recent months it has repeatedly stressed that it intends to resume the project.<\/p>\n

\u201cI would like to recognise the government\u2019s commitment to effective and favourable regulation that enables investment\u201d, Rabilloud said, adding that this package of regulations is generally overlooked in other contexts.<\/p>\n

Rabilloud also expressed his appreciation on how \u201cthe government is focussed on creating champions in the area of energy, in order to be able to \u2018play\u2019 together with international investors\u201d, he added.<\/p>\n

He also recognised that Mozambique has the necessary resources in a context where energy security is the name of the global \u201cgame\u201d. For this reason, Mozambique is currently presenting itself as a real national, regional and global player on the world energy map.<\/p>\n

READ: TotalEnergies hopes to start LNG production in Mozambique in 2028<\/b><\/p>\n

For his part, the Minister of Mineral Resources and Energy, Carlos Zacarias, said that Mozambique could, through its natural and renewable energy resources, position itself to ensure the energy transition of southern African countries, as well as promoting green industrialisation.<\/p>\n

\u201cAs a country, we want to consolidate our strategic role on the regional and global map as a producer and exporter of clean energy that guarantees the environmental, social and economic sustainability of Mozambique, the region and the world\u201d, he said.<\/p>\n

READ: Minister opens 8th Mozambique Gas and Energy Summit<\/b><\/p>\n

Meanwhile, in Paris, the TotalEnergies Chief Executive Officer, Patrick Pouyanne, went much further, declaring that the company aims to restart work on its LNG project by the end of this year.<\/p>\n

According to the Zitamar news agency, Pouyanne showed a group of analysts a presentation, under which the project, known simply as \u201cMozambique LNG\u201d will become operational by 2028.<\/p>\n

The key determinant in the calculations by TotalEnergies is clearly the security situation in and around Palma.<\/p>\n

\u201cThe situation has clearly improved because the governmental forces, support by other countries, particularly Rwanda, have taken back control\u201d. Pouyanne said. The company had undertaken audits \u201cwhich are satisfactory and the objective is to restart the project before year-end\u201d.<\/p>\n

He added that \u201csome of the contractors would like to benefit from the situation to increase their costs. We disagree, so we have some negotiations, including re-tendering some of the packages in order to control the costs of the project. But we will have clarity on that in the coming months\u201d.<\/p>\n

Facebook Post click here<\/b><\/a><\/p>\n

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

Africa-Press – Mozambique. The French oil and gas company, TotalEnergies, has reiterated its commitment to work in Mozambique, taking into account that over the last 15 years the government has created effective regulations that are attractive to private investment. According to the company\u2019s Chairperson and Managing Director in Mozambique, Maxime Rabilloud, who was speaking on […]<\/p>\n","protected":false},"author":84,"featured_media":47726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-47727","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 reiterates commitment to work with Mozambique on gas - Mozambique<\/title>\n<meta name=\"description\" content=\"The French oil and gas company, TotalEnergies, has reiterated its commitment to work in Mozambique, taking into account ...\" \/>\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-reiterates-commitment-to-work-with-mozambique-on-gas\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TotalEnergies reiterates commitment to work with Mozambique on gas\" \/>\n<meta property=\"og:description\" content=\"The French oil and gas company, TotalEnergies, has reiterated its commitment to work in Mozambique, taking into account ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-reiterates-commitment-to-work-with-mozambique-on-gas\" \/>\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=\"2023-10-01T20:07:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-01T21:54:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/10\/sm_1696180892.603349.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"992\" \/>\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-reiterates-commitment-to-work-with-mozambique-on-gas#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-reiterates-commitment-to-work-with-mozambique-on-gas\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TotalEnergies reiterates commitment to work with Mozambique on gas\",\"datePublished\":\"2023-10-01T20:07:54+00:00\",\"dateModified\":\"2023-10-01T21:54:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-reiterates-commitment-to-work-with-mozambique-on-gas\"},\"wordCount\":562,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-reiterates-commitment-to-work-with-mozambique-on-gas#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/10\/sm_1696180892.603349.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-reiterates-commitment-to-work-with-mozambique-on-gas#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-reiterates-commitment-to-work-with-mozambique-on-gas\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/totalenergies-reiterates-commitment-to-work-with-mozambique-on-gas\",\"name\":\"TotalEnergies reiterates commitment to work with Mozambique on gas - 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