French energy major TotalEnergies has announced plans to restart operations at its $20 billion Mozambique LNG project before the end of 2025.
The project was suspended in 2021 due to escalating security concerns, but renewed political stability and financing have cleared the path for resumption later this year.
Located in Area 1 of the Rovuma Basin, the Mozambique LNG development is set to monetise up to 65 trillion cubic feet of recoverable natural gas, with an initial capacity of 13 million tonnes per annum, which is expandable to 43 metric tonnes a year over time.
The project is underpinned by $14.9 billion in senior debt financing, the largest of its kind in Africa, and a $4.7 billion loan recently reapproved by the US Export-Import Bank in March 2025.
Once operational, it will position Mozambique as the world’s second-largest liquefied natural gas producer.
Mozambique LNG is a cornerstone of TotalEnergies’ broader Africa portfolio, which includes active exploration and development in South Africa’s Orange Basin, new deepwater rigs in the Republic of the Congo and midstream infrastructure like the East African Crude Oil Pipeline linking Uganda and Tanzania.
The company is also investing heavily in renewable projects, with solar and hydropower installations underway in Libya, Uganda, South Africa and Morocco.
JN/APA