Tuesday, June 15, 2021
HomeEnergyTotal and Mozambique sign security pact for $20bn natural gas project

Total and Mozambique sign security pact for $20bn natural gas project

FRENCH oil major Total has signed a security pact with the Mozambique government to protect a $20bn natural gas (LNG) project being developed in the southern African country, the company said on Monday.

Mozambican security forces have been battling a low-level insurgency against militias suspected of having links to Islamic State in the gas-rich north of the country.

Violence in the northern Cabo Delgado region has recently claimed dozens of lives. Earlier this month insurgents captured a heavily-defended port in the far northern town of Mocimboa da Praia.

Total’s project includes the development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession, containing more than 60 trillion cubic feet (Tcf) of gas, and the construction of a liquefaction plant with a capacity of 13.1 million tons per annum.

Initial production is slated by 2024.

‘This bolsters security measures and endeavours to create a safe operating environment for partners like Total which enables their ongoing investment in Mozambican industry,’ Ernesto Elias Tonela, minister of mineral resources and energy, said in the statement.

 

SourceReuters
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

Joseph on