Mozambique LNG Announces the Full Restart of All Its Activities Onshore and Offshore in Mozambique

Summary by AI BETAClose X

TotalEnergies has announced the full restart of the Mozambique LNG project, with construction activities resuming onshore and offshore at Afungi, currently employing over 4,000 workers, more than 3,000 of whom are Mozambican nationals. The project, which is 40% complete, anticipates first LNG delivery in 2029 and is expected to generate significant economic benefits for Mozambique, including over $4 billion in contracts for local companies and up to 7,000 direct jobs during construction. Additionally, the Mozambique LNG Foundation has been endowed with $200 million to support local communities, having already created over 8,000 jobs and assisted 7,000 farmers and fishermen.

Disclaimer*

UK 100

Latest directors dealings