Zürcher Nachrichten - Giant Mozambique gas project resumes after 5-year security suspension

EUR -
AED 4.291302
AFN 74.783732
ALL 95.843102
AMD 439.164635
AOA 1071.510246
ARS 1620.690029
AUD 1.659289
AWG 2.103293
AZN 1.984621
BAM 1.955634
BBD 2.350531
BDT 143.367841
BHD 0.441068
BIF 3468.735511
BMD 1.168496
BND 1.488586
BOB 8.064351
BRL 6.002799
BSD 1.167016
BTN 108.074609
BWP 15.719869
BYN 3.3897
BYR 22902.519699
BZD 2.347161
CAD 1.617426
CDF 2688.709155
CHF 0.923814
CLF 0.026658
CLP 1049.145543
CNY 7.98813
CNH 7.986979
COP 4264.823087
CRC 542.55863
CUC 1.168496
CUP 30.965141
CVE 110.256121
CZK 24.40282
DJF 207.825043
DKK 7.472637
DOP 70.774603
DZD 154.66653
EGP 62.07962
ERN 17.527439
ETB 182.232485
FJD 2.612402
FKP 0.869452
GBP 0.870647
GEL 3.13745
GGP 0.869452
GHS 12.860964
GIP 0.869452
GMD 85.300278
GNF 10240.263005
GTQ 8.928281
GYD 244.160338
HKD 9.155224
HNL 30.99177
HRK 7.532825
HTG 153.058329
HUF 377.079456
IDR 19980.111445
ILS 3.606691
IMP 0.869452
INR 108.275751
IQD 1528.889965
IRR 1536572.112723
ISK 143.596129
JEP 0.869452
JMD 184.51672
JOD 0.828443
JPY 185.694988
KES 150.840776
KGS 102.183214
KHR 4666.644172
KMF 496.089758
KPW 1051.592714
KRW 1729.344709
KWD 0.360995
KYD 0.97253
KZT 556.509948
LAK 25732.14805
LBP 104519.619411
LKR 368.233498
LRD 214.737302
LSL 19.232416
LTL 3.450264
LVL 0.706811
LYD 7.420466
MAD 10.872524
MDL 20.154808
MGA 4875.649098
MKD 61.634773
MMK 2453.584472
MNT 4177.665487
MOP 9.417522
MRU 46.320666
MUR 54.428144
MVR 18.065424
MWK 2023.654357
MXN 20.377254
MYR 4.654142
MZN 74.73767
NAD 19.232416
NGN 1591.175868
NIO 42.946909
NOK 11.126126
NPR 172.917555
NZD 2.001727
OMR 0.449338
PAB 1.167006
PEN 3.950265
PGK 5.051636
PHP 69.883024
PKR 325.516872
PLN 4.257823
PYG 7539.457383
QAR 4.266556
RON 5.092536
RSD 117.362565
RUB 90.703706
RWF 1708.577033
SAR 4.385027
SBD 9.404651
SCR 16.093842
SDG 702.266166
SEK 10.871248
SGD 1.489096
SLE 28.803245
SOS 666.951999
SRD 43.88168
STD 24185.506008
STN 24.498237
SVC 10.211265
SYP 129.181693
SZL 19.233616
THB 37.504039
TJS 11.104401
TMT 4.089736
TND 3.403226
TRY 52.103935
TTD 7.91643
TWD 37.170443
TZS 3032.246938
UAH 50.691552
UGX 4300.653676
USD 1.168496
UYU 47.366186
UZS 14237.975289
VES 554.354201
VND 30760.654646
VUV 139.675821
WST 3.235906
XAF 655.909794
XAG 0.015689
XAU 0.000246
XCD 3.157919
XCG 2.103349
XDR 0.815741
XOF 655.909794
XPF 119.331742
YER 278.773916
ZAR 19.204598
ZMK 10517.864136
ZMW 22.261398
ZWL 376.255204
  • CMSC

    0.0650

    22.355

    +0.29%

  • RBGPF

    -13.5000

    69

    -19.57%

  • BCC

    0.3250

    79.555

    +0.41%

  • GSK

    0.3600

    57.73

    +0.62%

  • RIO

    -1.4650

    96.985

    -1.51%

  • RYCEF

    0.4200

    17.05

    +2.46%

  • CMSD

    0.0400

    22.54

    +0.18%

  • BTI

    -1.9100

    58.04

    -3.29%

  • RELX

    -0.6800

    33.25

    -2.05%

  • JRI

    0.0500

    12.9

    +0.39%

  • BP

    1.1700

    47.06

    +2.49%

  • BCE

    0.0100

    24.13

    +0.04%

  • NGG

    0.1750

    90.135

    +0.19%

  • VOD

    0.0450

    15.815

    +0.28%

  • AZN

    -1.0600

    203.21

    -0.52%

Giant Mozambique gas project resumes after 5-year security suspension
Giant Mozambique gas project resumes after 5-year security suspension / Photo: Kun TIAN - AFP

Giant Mozambique gas project resumes after 5-year security suspension

French energy giant TotalEnergies relaunched construction Thursday on a massive gas project in northern Mozambique that was halted for five years after a jihadist attack that claimed hundreds of lives.

Text size:

Reportedly the largest private investment in Africa's energy infrastructure, the Mozambique liquefied natural gas project is expected to generate thousands of jobs and help make the country one of the world's biggest LNG exporters.

TotalEnergies chief executive Patrick Pouyanne announced the restart of work at a ceremony near the site of the project in the gas-rich Cabo Delgado province, which has been plagued by insurgency for around eight years.

"I am delighted to announce the full restart of the Mozambique LNG project... The force majeure is over," Pouyanne said at the event attended by President Daniel Chapo.

The $20 billion project near the border with Tanzania was suspended after a 2021 jihadist attack that killed an estimated 800 people.

There are already more than 4,000 workers on site and 80 percent are Mozambican nationals, said Pouyanne, whose company owns a 26.5 percent stake in the Mozambique LNG consortium.

"This project will make the region a new source of global energy security," he said.

TotalEnergies had already lifted in October the force majeure suspension it declared after the bloodshed.

It is seeking compensation of $4.5 billion in cost overruns linked to the delay from the Mozambique government.

It is also pushing for a 10-year extension to its concession, more than double the length of the delay, but it was not immediately clear if Maputo would approve.

- 'Restoring confidence' -

"It is a day of celebration for Mozambique, for Africa and for the world," Chapo said.

The resumption of work showed the country was "capable of overcoming challenges and restoring the confidence of domestic and foreign investors", he said.

Environmental groups have denounced the LNG project as a major "climate bomb" that would bring little benefit to Mozambicans, more than 80 percent of whom lived below the poverty line of $3 per day in 2022, according to World Bank data.

The TotalEnergies gas project is among several in the Cabo Delgado area, with others involving Italian group ENI and the American oil giant ExxonMobil.

Mozambique's deposits could make the impoverished nation one of the world's 10 largest natural gas producers, "contributing 20 percent of African production by 2040", according to a 2024 report by the audit firm Deloitte.

The TotalEnergies-led consortium initially secured a $15.4 billion financing agreement involving 30 lenders.

But the British and Dutch governments withdrew financial support in early December 2025, including $1.15 billion promised by Britain via its export credit agency UKEF.

TotalEnergies subsequently announced that the other partners had "unanimously agreed to provide additional equity".

The project's relaunch comes as TotalEnergies faces two legal proceedings in France, including a manslaughter investigation after survivors and relatives of victims of the 2021 attack on the port town of Palma, a few kilometres from the TotalEnergies site, accused the French energy giant of failing to protect its subcontractors.

The multinational is also the subject of a complaint for "complicity in war crimes" filed by the European Center for Constitutional and Human Rights (ECCHR), a German NGO, with France's national anti-terrorism prosecutor.

TotalEnergies rejects all the accusations.

While Cabo Delgado has not experienced another attack on the scale of the 2021 assault, there are still regular attacks on civilians and troops, including beheadings and kidnappings.

More than 6,400 people have been killed since the Islamic State-linked insurgency began in 2017, according to conflict tracking group ACLED.

The violence has also displaced tens of thousands of people.

After Russia's Wagner Group failed to contain the long-running insurgency, Rwandan troops were deployed to the area in 2021. Three were killed in May 2025 and several Mozambican soldiers have also reportedly lost their lives.

J.Hasler--NZN