Although security conditions in Cabo Delgado played a decisive role in suspending the project for “reasons of force majeure” in 2021, the main problems currently relate to the financing of Mozambique LNG, which has raised growing reservations among the initial financiers (AM 1490). The subject of financing was raised in a conversation between Total CEO PATRICK POUYANNÉ and PR DANIEL CHAPO (DC) at the beginning of FEB. (AM Special Report 83).
As early as FEB, the expectations of the EPC subcontractors of the Area 1 consortium were once again dashed. They had hoped to resume work at the beginning of this year, but were informed that they would have to suspend preparatory work indefinitely. Underlying Total's arguments, which will force the layoffs of local contractors, are the hesitations of the financiers. READ MORE