-
Construction of the $20 Billion Mozambique LNG Project to Resume by Mid-Year
TotalEnergies and Bharat Petroleum Corporation Limited (BPCL) have noted that the long-awaited Mozambique LNG project is expected to commence implementation in July 2025. The project was halted in March 2021 after militant attacks in Cabo Delgado province, when operator TotalEnergies SE invoked force majeure. The project is now progressing, however, with security becoming better and the U.S. Export-Import Bank reaffirming its $4.7 billion funding pledge.
This move is set to revive one of Africa’s most ambitious energy ventures. The Mozambique LNG project has been the recipient of significant foreign investment, with BPCL owning a 10% interest in the project via its subsidiary BPRL Ventures Mozambique BV. While the project is important to many countries, its most significant impact will be experienced by Mozambique itself. With a scheduled end date of July 2028, the development could prove a game-changer for Mozambique’s economy and energy infrastructure, unlocking new avenues to an once-troubled region.
Share This
