Continue Reading
Full article on OilPrice.com
TotalEnergies LNG Project in Mozambique Hits New Financial Snag
Market Intelligence Analysis
AI-Powered
Why This Matters
TotalEnergies' LNG project in Mozambique faces a new financial hurdle due to a $4.5 billion cost increase, which the company attributes to a four-year delay caused by a militant attack.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The government of Mozambique may not agree with the latest estimate for an LNG project led by TotalEnergies, which said earlier this week the price tag for the facility had gone up by $4.5 billion. The French supermajor attributed the cost increase to the four years, during which work on Mozambique LNG was suspended following a deadly attack by Islamist militants that promoted a force majeure. TotalEnergies lifted the force majeure this week but said the delay had caused a significant cost increase and asked the local government to extend the construction…
Original article published by
OilPrice.com
on October 31, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.