Five years after suspending operations following a devastating jihadist attack, French energy giant TotalEnergies is preparing to relaunch its flagship liquefied natural gas (LNG)...
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Five years after suspending operations following a devastating jihadist attack, French energy giant TotalEnergies is preparing to relaunch its flagship liquefied natural gas (LNG) project in northern Mozambique.
The company declared force majeure in 2021 after militants overran parts of Cabo Delgado province, killing about 800 people and forcing thousands to flee. TotalEnergies is now seeking compensation of $4.5 billion from the Mozambican government to cover cost overruns linked to the prolonged shutdown.
Despite the setback, the LNG project is expected to generate thousands of jobs. Touted as the largest private investment in Africa’s energy infrastructure, it currently employs around 4,000 workers, about 80 per cent of whom are Mozambican nationals.
Other international energy firms, including Italy’s ENI...