Latest news with #PatrickPouyanne
Bloomberg
2 days ago
- Business
- Bloomberg
Mozambique Nears Deal to Revive $20 Billion Total Gas Project
Mozambican President Daniel Chapo said he expects to soon conclude talks with TotalEnergies SE over the restart of a $20 billion natural-gas project that halted four years ago because of an Islamist-militant insurgency. Chapo recently met with Total Chief Executive Officer Patrick Pouyanne to discuss resuming the project that has the potential to transform the economy of one of the world's poorest countries, he said in a July 19 interview.
TimesLIVE
15-07-2025
- Business
- TimesLIVE
Mozambique paves way for restart of TotalEnergies LNG project: report
Mozambique has created the necessary conditions for the resumption of TotalEnergies' $20bn (R356.03bn) liquefied natural gas (LNG) project in the country, the country's energy minister was quoted as saying by Portuguese news agency Lusa on Monday. TotalEnergies, which halted construction in 2021 after an Islamic State-linked insurgency attack threatened its Afungi site in the north of Mozambique, has said it wants to resume development this summer. TotalEnergies' CEO Patrick Pouyanne met with Mozambique President Daniel Chapo on Thursday to discuss restarting activities after security interventions helped reduce, but not entirely eradicate, insurgent attacks around its base. "It was a meeting with the perspective of restarting activities," Estevao Pale, minister of mineral resources and Energy said at an event in Inhambane province on Monday, referring to the president's meeting last week. "At the government level, all the conditions are being created to allow investors to restart activities as quickly as possible," Lusa quoted Pale as saying. TotalEnergies declined to comment.
Zawya
14-07-2025
- Business
- Zawya
Mozambique paves way for TotalEnergies to restart $20bln LNG project, report says
Mozambique has created the necessary conditions for the resumption of TotalEnergies' $20 billion liquefied natural gas project in the country, the country's energy minister was quoted as saying by Portuguese news agency Lusa on Monday. TotalEnergies, which halted construction in 2021 after an Islamic State-linked insurgency attack threatened its Afungi site in the north of Mozambique, has said it wants to resume development this summer. TotalEnergies' CEO Patrick Pouyanne met with Mozambique President Daniel Chapo on Thursday to discuss restarting activities after security interventions helped reduce, but not entirely eradicate, insurgent attacks around its base. "It was a meeting with the perspective of restarting activities," Estevao Pale, Minister of Mineral Resources and Energy said at an event in Inhambane province on Monday, referring to the president's meeting last week. "At the government level, all the conditions are being created to allow investors to restart activities as quickly as possible," Lusa quoted Pale as saying. TotalEnergies declined to comment.
Reuters
14-07-2025
- Business
- Reuters
Mozambique paves way for TotalEnergies to restart $20 bln LNG project, report says
MAPUTO, July 14 (Reuters) - Mozambique has created the necessary conditions for the resumption of TotalEnergies' $20 billion liquefied natural gas project in the country, the country's energy minister was quoted as saying by Portuguese news agency Lusa on Monday. TotalEnergies ( opens new tab, which halted construction in 2021 after an Islamic State-linked insurgency attack threatened its Afungi site in the north of Mozambique, has said it wants to resume development this summer. TotalEnergies' CEO Patrick Pouyanne met with Mozambique President Daniel Chapo on Thursday to discuss restarting activities after security interventions helped reduce, but not entirely eradicate, insurgent attacks around its base. "It was a meeting with the perspective of restarting activities," Estevao Pale, Minister of Mineral Resources and Energy said at an event in Inhambane province on Monday, referring to the president's meeting last week. "At the government level, all the conditions are being created to allow investors to restart activities as quickly as possible," Lusa quoted Pale as saying. TotalEnergies declined to comment.
Bloomberg
10-07-2025
- Business
- Bloomberg
Mozambique's $57 Billion of LNG Projects Get Reboot Despite Risk
Four years after terrorist attacks halted a massive liquefied natural gas project in Mozambique, momentum behind $57 billion in facilities that will export the fuel is picking up. TotalEnergies SE and Eni SpA have readied contractors and signed agreements for preliminary work on projects to add capacity. In addition, the French major's Chief Executive Officer Patrick Pouyanne was scheduled to meet Mozambican President Daniel Chapo on Thursday, according to people with knowledge of the matter who asked not to be identified because the information is not public.
