Total declares force majeure on Mozambique LNG project
Total has declared force majeure on the Mozambique LNG project following the terrorist attack on Palma last month. The company will withdraw all its personnel from the Afungi site.
Jihadi terrorists of IS attacked Palma at the end of last month, killing 80 people including civilians and employees of the oil & gas company, which has a regional office in the city.
In a brief statement, the company expresses its solidarity with the government and people of Mozambique and says it wishes that the actions carried out by the government of Mozambique and its regional and international partners will enable the restoration of security and stability in Cabo Delgado province in a sustained manner.
The Mozambique LNG project is major development project which would also produce large project cargo volumes. The facility was expected to produce its first LNG by 2024. For now, it is uncertain by how much time the project will be delayed.
Total E&P Mozambique Area 1 Limitada, a wholly-owned subsidiary of Total, operates Mozambique LNG with a 26.5% participating interest alongside ENH Rovuma Área Um (15%), Mitsui E&P Mozambique Area1 Limited (20%), ONGC Videsh Rovuma Limited (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Limited (8.5%).