TOKYO — The CEO of French oil major TotalEnergies said production of liquefied natural gas at its $20 billion dollar Mozambique LNG project will begin in 2029, given the improving security situation and the release of key financing from the U.S.
Patrick Pouyanne told Nikkei Asia that the company is looking to relaunch the project this summer, after years of suspended activities due to violence from Islamic insurgents. That will put the huge natural gas project, key to Asia’s energy security, in line to start operations before the end of the decade, he said.
