TotalEnergies CEO anticipates Mozambique LNG project will resume 'this summer'
TotalEnergies expects its $20bn Mozambique liquefied natural gas (LNG) project to resume development "this summer", CEO Patrick Pouyanne said on Wednesday, 18 June 2025.
He was asked about the timing during a session at the Japan Energy Summit in Tokyo.
Covered by force majeure since 2021, following insurgent attacks, the project includes development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession and the building of a two-train liquefaction plant.
The project will have a capacity of 13.12 million metric tonnes per annum.
TotalEnergies is the project's operator with a stake of 26.5%, followed by Mitsui & Co with 20%, while Mozambique's state-owned ENH has 15%. Indian state firms and Thailand's PTTEP own the rest.
All rights reserved. © 2022. Bizcommunity.com Provided by SyndiGate Media Inc. (Syndigate.info).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Accor Signs Novotel Victoria Falls, Marking Strategic Market Entry into Zimbabwe
Accor ( a world-leading hospitality group, has announced the signing of Novotel Victoria Falls, a landmark project set within Victoria Falls – a UNESCO World Heritage Site and one of the Seven Natural Wonders of the World. The agreement, signed during the Future Hospitality Summit (FHS) Africa, marks Accor's market entry into Zimbabwe, leveraging a first-mover advantage in one of Africa's most iconic destinations and underscoring the Group's commitment to pioneering development in emerging markets. Scheduled to open in 2028, the 111-key new-build property will be developed under a management agreement with Eagle Real Estate Investment Trust, a Development REIT focused on high-quality assets across tourism, hospitality, health, retail, and residential sectors. Located in the Eagle Heights precinct, in a prime location overlooking the Masuwe River, the hotel will blend natural beauty with Novotel's modern, family-friendly hospitality. Guests will enjoy a thoughtfully designed experience, with facilities including an outdoor swimming pool, kids' club, all-day dining restaurant, and destination bar - designed to meet the needs of modern travellers seeking comfort, connection, and local discovery. Known locally as Mosi-oa-Tunya or 'The Smoke That Thunders', Victoria Falls is not only a dramatic natural wonder but also a world-renowned hub for adventure tourism, offering white-water rafting, bungee jumping, and scenic helicopter flights. 'This signing represents a bold step forward in our development strategy for Sub-Saharan Africa,' said Maya Ziade, Chief Development Officer, Premium, Midscale&Economy Division, Middle East, Africa&Türkiye at Accor. 'Victoria Falls is one of the world's most extraordinary destinations, and we are proud to bring the Novotel brand experience to Zimbabwe for the very first time. As a first mover, we see this project as a gateway to long-term sustainable growth in the country.' The signing signals a strategic entry for Accor into a destination with growing regional and domestic tourism and a limited presence of global hotel brands. Bevin Ngara, Managing Director of Eagle Asset Managers, the Eagle REIT Fund Managers, added: 'We are delighted to partner with Accor to bring an international standard of hospitality to Victoria Falls. This project reflects our vision of investing in transformative developments that elevate tourism and deliver value to local communities and investors alike.' Novotel, with over 590 hotels across 68 countries and 180+ more in the pipeline, champions balanced living for both business travellers and families. As the first internationally branded Novotel in Zimbabwe, the hotel will meet the rising demand for high-quality yet accessible accommodation in Victoria Falls supporting the city's evolution into a year-round destination for families, nature lovers, and adventure seekers. Distributed by APO Group on behalf of Accor. Contacts media relations: Cybelle Daou Khadij Director PR&Communications Middle East, Africa and Türkiye Follow on Social Media: X: Facebook: LinkedIn: Instagram: TikTok: About Accor: Accor is a world-leading hospitality group offering stays and experiences across more than 110 countries with over 5,600 hotels and resorts, 10,000 bars&restaurants, wellness facilities and flexible workspaces. The Group has one of the industry's most diverse hospitality ecosystems, encompassing more than 45 hotel brands from luxury to economy, as well as Lifestyle, with Ennismore. ALL Accor, the booking platform and loyalty program embodies the Accor promise during and beyond the hotel stay and gives its members access to unique experiences. Accor is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity, and inclusivity. Accor's mission is reflected in the Group's purpose: Pioneering the art of responsible hospitality, connecting cultures, with heartfelt care. Founded in 1967, Accor SA is headquartered in France. Included in the CAC 40 index, the Group is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information, please visit About Eagle Real Estate Investment Trust (Eagle REIT): Eagle REIT is Zimbabwe's first dollar-denominated Development REIT focusing on developing high-impact real estate assets across the hospitality, healthcare, and residential sectors. It is also the first REIT to be listed on the Victoria Falls Stock Exchange (VFEX), a member of the International Financial Services Center. The REIT is managed by Eagle Asset Management, a licensed investment manager and a subsidiary of Zimre Holdings Limited.
Zawya
2 hours ago
- Zawya
NOV Delegation Joins African Energy Week (AEW) 2025 Amid Artificial Intelligence (AI) Push in African Energy Projects
A high-level delegation from global energy services company NOV has joined the African Energy Week (AEW): Invest in African Energies conference – taking place on September 29 to October 3 in Cape Town. With a focus on digitization, a wealth of knowledge in oilfield services and a dedication to balancing operational efficiency with sustainable development, NOV is well-positioned to lead dialogue around the future of energy development in Africa. Underscoring the company's commitment to unlocking technology-driven solutions in Africa, the NOV delegation comprises Arthur Ename, Vice President, Business Development: Africa; Cobie Loper, Senior Vice President, Operators and Geographical Sales; Johann Jansen van Rensburg, Director: Sub-Saharan Africa; and Marien Ibiaho, Area Sales Manager: Europe&Africa. The delegation will participate in a variety of panel discussions and technical workshops, providing insight into innovative tools to unlock rapid, low-carbon growth in Africa. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. With an extensive presence in Africa, NOV delivers a range of solutions for the continent's oil and gas industry. Key markets include Ghana, Nigeria, Cameroon, Equatorial Guinea, the Republic of Congo, Angola, South Africa, Uganda, Kenya, Tunisia, Algeria and Egypt. The company's cutting-edge technologies and services support clients to enhance operational efficiency while spearheading sustainable development, with its portfolio of capabilities ranging from drilling to well construction, completion and control to offshore rigs and platform repurposing to service and repair. With over 150 years' experience and a global footprint, NOV represents a strong partner for African oil and gas projects. Looking ahead, NOV strives to consolidate its position as a leading energy service provider. In 2025, the company rolled out ChatGPT Enterprise – OpenAI's most advanced generative AI platform – to advance AI-driven innovation. The enterprise has been deployed across its global workforce, putting cutting-edge tools in the hands of over 25,000 employees. For Africa, this technology will support energy projects by supporting decision-making, insights and innovation. Meanwhile, the company's Drilling Beliefs&Analytics solution continues to gain traction globally and has been applied across 20 million feet of drilling operations in Africa, the Middle East, Europe and North America. This solution leverages AI to deliver real-time insights into critical well conditions during the drilling process. Beyond the oil and gas sector, the company also has extensive experience in emerging industries such as the energy transition. Capabilities include geothermal solutions, hydrogen solutions, lithium extraction, offshore and onshore wind, and more. With oil and gas as the focus, NOV offers a range of services that support operators reduce their emissions while scaling-up output. The company is also committed to local content and workforce development, with training initiatives, skills development programs and partnerships serving as a catalyst for capacity building in the markets in which is operates. By working closely with African partners, NOV is creating jobs, enhancing skills and empowering communities. 'Now more than ever, Africa requires innovative solutions to enhance operational efficiency while reducing emissions across oil and gas projects. Companies such as NOV provide the technology and expertise to deliver these goals, and as such, play a prominent role in the industry. Looking ahead, as African countries look to scale-up operations and reduce their climate footprint, NOV's solutions will continue supporting clients safely produce energy while minimizing environmental impact,' states Verner Ayukegba, Senior Vice President, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
5 hours ago
- Zawya
From Strategy to Action: African Development Bank and Google Explore Africa's Artificial Intelligence (AI) Future at the 2025 Annual Meetings
One side event at the African Development Bank Group's ( 2025 Annual Meetings unpacked the use of Artificial Intelligence (AI) as a powerful tool to advance inclusive and sustainable development across the African continent. Held under the theme: 'The AI Revolution: How Will AI Support the Delivery of the African Development Bank's 2024–2033 Ten-Year Strategy and the Transformation of African Economies?', the 90-minute session convened leading voices from across sectors. The event was co-hosted with Google AI Research. At the heart of the discussion was the question: What will it take for Africa to become AI-ready? which was the central theme of the high-level panel discussion as part of the event. In his opening remarks, Solomon Quaynor, Vice-President for Private Sector, Infrastructure&Industrialization of the African Development Bank underscored the critical role of digital transformation in shaping Africa's future: 'AI is not a luxury—it's a necessity for Africa's competitiveness, resilience, and long-term prosperity,' he said. Caroline Kende-Robb, Senior Director of Strategy and Operational Policies at the Bank, framed the conversation within the context of the Bank's 2024–2033 Ten-Year Strategy ( She stressed that 'Investing in youth and data infrastructure is no longer optional—these are the foundations upon which Africa must build its AI future.' Her remarks echoed the strategy's call to leapfrog development through innovation, anchored in African realities and driven by African talent. Following her intervention, Abdoulaye Diack, Program Manager at Google AI Research Africa, highlighted the transformative potential of AI to address structural challenges and unlock progress in agriculture, education, climate adaptation, and public health. Diack emphasized the importance of contextualizing AI for African environments, warning that 'without local data and inclusive models, Africa risks becoming a passive consumer rather than an active creator of AI solutions.' Ibrahim Kalil Konaté, Côte d'Ivoire's Minister of Digital Transition and Digitalization, advocated for regional coordination and harmonized policy frameworks to enable responsible, cross-border implementation of AI technologies. Robert Skjodt, Group CEO of Raxio Group, focused on the critical need for robust digital infrastructure—especially local data centers—to support the scale and speed required for Africa's AI ambitions. Ousmane Fall, Director of Private Sector Transaction Support at the Bank, called for the development of bankable, scalable digital infrastructure projects that can attract long-term investment. Moustapha Cissé, CEO of Kera Health Platforms, and a respected pioneer in African AI research, stressed the need for ethical frameworks and AI systems that reflect African social, cultural, and healthcare contexts. Muthoni Karubiu, Chief Operations Officer at Amini, concluded the panel with a call to enhance data sovereignty, especially in the context of agriculture and climate action, by ensuring access to localized and context-specific environmental data. Harnessing the power of AI for Africa's success A strong consensus emerged across the panel - for Africa to harness AI effectively, it must focus on three foundational pillars: - Human Capital: Equip the next generation with AI literacy and professional expertise. - Data Infrastructure: Build the digital backbone for connectivity, storage, and secure data exchange. - Localized Data: Train AI systems on African realities, including languages, culture, and societal needs. With Africa holding just 1.3% of global data storage capacity and lagging in digital readiness, speakers agreed that the continent is at a crossroads and must urgently make the choice to invest now, or risk falling further behind. As Africa moves forward in artificial intelligence, the African Development Bank reaffirms its commitment to shaping a digital future that is inclusive, sovereign, and anchored in shared prosperity. For more information or to revisit this session, click here ( Distributed by APO Group on behalf of African Development Bank Group (AfDB).
