Mozambique Contests TotalEnergies' $2 Billion Cost from LNG Project D… | HappeningNow.news
Published Date: June 09, 2026

Energy

Mozambique Contests TotalEnergies' $2 Billion Cost from LNG Project Delay

The government of Mozambique disagrees with TotalEnergies’ estimate that the years-long delay in the Mozambique LNG project has cost it a…

Source OilPrice Updated May 27, 2026 AI Summary

AI Summary

The government of Mozambique disagrees with TotalEnergies’ estimate that the years-long delay in the Mozambique LNG project has cost it and its partners $2 billion in overruns, a source familiar with the matter told Bloomberg on Wednesday. TotalEnergies and its partners in the $20-billion Mozambique LNG project had to suspend work and declare force majeure for several years amid serious concerns about security due to Islamist attacks near the site. A recent audit report by UK-based consultancy Bayphase could not confirm the costs TotalEnergies…

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