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Now Reading FILIPE NYUSI SAYS TOTALENERGIES CAN SAFELY RESUME $20B LNG PROJECT LNG, Oil & Gas FILIPE NYUSI SAYS TOTALENERGIES CAN SAFELY RESUME $20B LNG PROJECT 27/04/2023 READ NEXT HIRING OF A CONTRACTOR TO BUILD A PONTOON OVER THE KAKANHA RIVER IN THE BARRAGEM NEIGHBOURHOOD Mozambique’s President Filipe Nyusi on Wednesday said it was safe for TotalEnergies to restart its Cabo Delgado liquefied natural gas (LNG) project that was halted in 2021 following insurgent attacks on civilians. The issue was given great prominence on Wednesday (26), in the speech by the President of the Republic, Filipe Nyusi, as part of the opening of the 9th edition of the Mozambique Mining and Energy Conference and Exhibition (MMEC). a d v e r t i s e m e n t An Islamic State-linked insurgency in the northern Mozambican province has claimed thousands of lives since it broke out in 2017, disrupting multi-billion-dollar investments, including the $20-billion LNG project in which TotalEnergies has a 26.5% stake. Nyusi said that Mozambique wanted to take advantage of the current high prices of LNG and the global shift towards cleaner sources of energy. “The working environment and security in northern Mozambique makes it possible for Total to resume its activities any time,” Nyusi said. TotalEnergies was not immediately available to comment, but in February it said the situation in Cabo Delgado had “improved significantly” after African countries deployed troops to help Mozambique’s security forces deal with the insurgency in 2021. The energy major’s Chairman and Chief Executive Patrick Pouyanne visited Mozambique two months ago to meet Nyusi and review the security and humanitarian situation in Cabo Delgado. After Pouyanne’s visit, TotalEnergies announced the appointment of Jean-Christophe Rufin, who it said was an expert in humanitarian action and human rights, to independently assess the situation in Cabo Delgado province. This assessment would help TotalEnergies and its partners decide if conditions were right to resume the project. According to Filipe Nyusi, the gas projects underway in the north are of great importance and place the country on the roster of global gas value chains, which gives greater visibility and openness for development, especially since the first shipment of LNG by Coral Sul has already been made. Outside of gas projects, the head of state revealed in his speech that the extractive industry has seen significant growth, rising from 1.8 percent of Gross Domestic Product (GDP) in 2011 to close to 10.6 percent in 2022. “This rise reflects the development of the Moatize coal project in Tete, the Moma, Pebane and Chibuto heavy sands projects in the provinces of Nampula, Zambézia and Gaza, notwithstanding the ruby and graphite projects being developed in Cabo Delgado,” he explained. The extractive sector primarily impacts on exports and on the network of Small and Medium Enterprises (SMEs) that supply goods and services. “The value chain network includes more than 151,000 traders of which 42% are women,” he added. “The extractive sector has influenced the increase in exports and external balance as well as the strengthening of foreign exchange reserves, job creation, diversification of the economy, capturing tax revenues, improving the balance of public accounts and energy generation,” he detailed. See Also LNG MOZAMBIQUE LNG EXPORTS TO START IN OCTOBER As a way of safeguarding resources, the President said that recently mechanisms had been created to combat the smuggling of minerals, such as gold and gems. On the other hand, specifically regarding the conference, the statesman said that the sustainable exploration of resources should be promoted in a way that benefits the State, investors, communities and the national business community. “We should bring a human face to the extractive industry so that the benefits are tangible,” he stressed. In the same vein, the Head of State revealed that Mozambique is in the process of joining two major international bodies, namely: the Green Economy Financing Facility (GEFF) and the African Petroleum Producers Organization (APPO), in order to ensure an open, transparent and responsible management of mineral resources. GEFF is a funding line generally aimed at low-income countries and APPO is a means of cooperation and harmonisation of collaboration and knowledge sharing among African oil producing countries. The conference organised by the Ministry of Mining Resources and Energy (MIREME) through the National Hydrocarbons Company (ENH), in partnership with AME Mozambique and AMETrade, is being held in Maputo, under the theme “Using Mozambique’s natural resources for transformative and sustainable economic development”, and will last for two days (26 and 27), where it will bring together leaders, businessmen and experts in the extractive and oil and gas fields. Please leave this field empty SUBSCRIBE TO GET OUR DAILY NEWSLETTERS: Daily News Tenders of the Day Email Adress * Get our daily newsletter directly in your email Check your inbox or spam folder to confirm your subscription. Please leave this field empty SUBSCRIBE TO GET OUR DAILY NEWSLETTERS: Daily News Tenders of the Day Email Adress * Get our daily newsletter directly in your email Check your inbox or spam folder to confirm your subscription. Tags Cabo Delgado Filipe Nyusi headline LNG totalEnergies Bárbara Henriques 27/04/2023 Share Tweet Pin Share Mining & Extractive KENMARE EXPECTS TO EXPLORE NEW HEAVY SANDS MINE WITHIN TWO YEARS Previous Article Tenders HIRING OF A CONTRACTOR TO BUILD A PONTOON OVER THE KAKANHA RIVER IN THE BARRAGEM NEIGHBOURHOOD Next Article RELATED POSTS Energy “CLIMATE CHANGE IS A MAJOR CHALLENGE FOR AFRICA’S ENERGY SECTOR” * 27/04/2023 * 2 mins Read * 0 Shares Oil & Gas MOZAMBICAN PRESIDENT CRITICISES RELUCTANCE TO INVEST IN NATURAL GAS * 27/04/2023 * 1 min Read * 0 Shares Oil MIREME: MOZAMBIQUE RAISES FUEL IMPORTS IN 2021 COMPARED TO 2020 * 26/04/2023 * 1 min Read * 0 Shares LNG, Oil & Gas IMF: TOTALENERGIES AND EXXONMOBIL “WILL BE EXPORTING LNG FROM MOZAMBIQUE AS OF 2027” * 24/04/2023 * 2 mins Read * 0 Shares Energy EDM’S CEO ASSURES THAT TEMANE-MAPUTO POWER LINE “WILL BE READY BY THE END OF 2023” * 24/04/2023 * 1 min Read * 0 Shares Oil FUEL PRICES LIKELY TO RISE IN COMING WEEKS. GAS STATION OPERATORS EXPECT SIGNIFICANT FALL IN STOCKS IN TWO MONTHS’S TIME * 24/04/2023 * 5 mins Read * 0 Shares Oil MOZAMBIQUE’S FUEL PRICE COULD SHIFT AGAIN AS INTERNATIONAL OIL PRODUCTION FALLS * 21/04/2023 * 1 min Read * 0 Shares Oil ENI DRILLS WELL IN ANGOCHE BASIN OFFSHORE MOZAMBIQUE * 21/04/2023 * 1 min Read * 0 Shares LNG KOGAS TO PRODUCE 3.37M TONNES OF LNG PER YEAR IN MOZAMBIQUE * 21/04/2023 * 2 mins Read * 0 Shares Energy SWEDEN ENSURES CONTINUED SUPPORT FOR ELECTRIFICATION EFFORTS * 20/04/2023 * 1 min Read * 0 Shares Energy ENERGY: CAHORA BASSA IS RESPONSIBLE FOR 80% OF ELECTRICITY PRODUCTION IN MOZAMBIQUE * 19/04/2023 * 2 mins Read * 0 Shares Oil PETROL STATIONS WARN OF STOCK SHORTAGE, RESERVATIONS ONLY FOR 28 DAYS * 18/04/2023 * 2 mins Read * 0 Shares Scroll To Top * Economy * Banking * Finance * Investment * Business * Aviation * Agri Business * Careers * Companies * Construction * Entrepreneurship * Mining & Extractive * Industry * Infrastructures * Logistics * Real Estate * SME’s * World * Africa * Angola * China * CPLP * EU * SADC * Worldwide * Development * Climate * Conservation * Corporate and Social Responsibility * Sustainability * Wildlife * Trends * AI * Fintech * Innovation * Sillicon Valley * Science * Telecom * Tech * Lifestyle * Drive * Gadgets * Gourmet * Trip * Wellness * Wine * Markets * Analysis * Commodities * Crypto * Money * Stock Exchange * Oil & Gas * Energy * ENI * Exxon * LNG * Oil * Renewables * Total * Opinion * Tenders * Privacy, terms and conditions Please leave this field empty SUBSCRIBE TO GET OUR DAILY NEWSLETTERS Daily News Tenders of the Day Email Adress * Get our daily newsletter directly in your email Check your inbox or spam folder to confirm your subscription. 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