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Total’s Mozambique LNG Project to take centre stage at the France Africa Economic summit

Total’s Mozambique LNG Project to take centre stage at the France Africa Economic summitAs French and African leaders gather on May 18 in Paris for the France-Africa Summit, Mozambican leaders and Total have a brilliant opportunity to push for the resumption of LNG projects in Mozambique and get things going. Even if exploitation of natural resources is not particularly on the Summit’s agenda, there will be no better chance for the gas-rich country to showcase its solutions and arrangements to the issues posed to its gas industry.Notably, as one of the delayed projects involves a consortium led by French supermajor Total, who on April 26 issued a force majeure declaration to its LNG project in the Cabo Delgado province due to the security situation at the moment.Total’s force majeure declaration has sent the project into a delay, negatively impacting Mozambique’s economic outlook, several international and local companies and workers who are now uncertain when the project and their operations will resume. Make no mistake this has put a lot of companies and even some workers and even communities in Cabo Delgado’s livelihoods at risk.The African Energy Chamber (“AEC”) recognizes Total’s and the Mozambican government’s effort over the past three weeks to figure out solutions and arrangements to address the security issues in Cabo Delgado. We continue to believe that Total’s LNG project should resume sooner than later, with even more decisiveness and resolve, under the leadership of President Filipe Nyusi with whom the AEC has had recent conversations. The Terror attacks have given President Filipe Nyusi’s presidency a clear focus: to protect the Mozambique people and investors and defeat terrorism while expanding and promoting economic growth. The African Energy Chamber is encouraged that President Nyusi administration’s response, which has been a combination of military action and strong defensive measures to protect everyone in Mozambique.

Source: Further Africa

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