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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 and its partners $2 billion in overruns, a source familiar with the matter told Bloomberg on Wednesday.
AI Summary
Mozambique is disputing a $2 billion cost estimate from TotalEnergies for delays in the Mozambique LNG project. The disagreement stems from a years-long delay in the project, which was suspended and had force majeure declared due to security concerns from Islamist attacks near the site. TotalEnergies and its partners had commissioned an audit report from UK-based consultancy Bayphase, but the report could not confirm the estimated costs.
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