French energy company TotalEnergies is set to resume its liquefied natural gas (LNG) project in Mozambique, which had been suspended for five years. The project, valued at $20 billion, had faced delays due to security concerns and local conflicts.
The resumption marks a significant step for Mozambique’s energy sector, aiming to boost production and exports. TotalEnergies plans to work closely with local authorities to ensure the project proceeds safely and sustainably.
**Why this matters**
The LNG project is one of the largest investments in Mozambique and has the potential to transform the country’s economy through job creation and energy exports. However, the region has experienced violence linked to insurgent groups, raising concerns about the safety of operations and local communities. Restarting the project signals confidence in improved security and stability.
Source: News Source