Mozambique Contests TotalEnergies' $2 Billion Cost from LNG Project Delay

The government of Mozambique disagrees with TotalEnergies’ estimate that the years-long delay in the Mozambique LNG project has cost it and its partners $2 billion in overruns, a source familiar with the matter told Bloomberg on Wednesday. TotalEnergies and its partners in the $20-billion Mozambique LNG project had to suspend work and declare force majeure for several years amid serious concerns about security due to Islamist attacks near the site. A recent audit report by UK-based consultancy Bayphase could not confirm the costs TotalEnergies…