January 26, 2025

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TotalEnergies Postpones $20bn Mozambique LNG Project
TotalEnergies has delayed its $20 billion liquefied natural gas (LNG) project in Mozambique, citing ongoing political instability and security concerns, particularly in the Cabo Delgado region. Initially launched in 2019 as Africa's largest foreign direct investment project, production is now expected to start in 2029. The decision follows armed uprisings, contested election results, and violent protests that have disrupted operations.