TotalEnergies (NYSE:TTE) has further delayed plans to restart its $20B liquefied natural gas project in Mozambique, saying the project will not be operational by 2029 as hoped, citing security and political concerns in the country,

An open letter Wednesday signed by 126 non-governmental organizations urged public and private lending institutions to end financing for a Mozambique liquified natural gas facility being built by France's TotalEnergies.

TotalEnergies' $20 billion Mozambique LNG project will not be operational by 2029 as hoped, the French oil major said on Wednesday, citing the need to end force majeure and ensure security at the project site.

TotalEnergies SE hired a Washington lobbyist to help approve key export financing in an effort to revive its Mozambique liquefied natural gas project, which has been on hold for years due to security threats.

TotalEnergies has further delayed its troubled $20bn liquefied natural gas project in Mozambique as security concerns and political uncertainty dog one of Africa’s biggest energy investments.

France's TotalEnergies has further delayed its $20 billion liquefied natural gas (LNG) project in Mozambique, citing ongoing security concerns, the Financial Times reported on Wednesday.

TotalEnergies postpones the Mozambique Lng project due to the ongoing security threats in Cabo Delgado. A delay that also impacts Saipem which suffers on the stock market

TotalEnergies has been dealing with ongoing delays and insurgencies regarding its Mozambique LNG project for several years now. The project is expected to start production in 2029. View on euronews