Monday, April 26, 2021

"Total declares force majeure on Mozambique LNG project"

Two from Club of Mozambique. First up, April 26:

JUST IN: Total declares force majeure on Mozambique LNG project – Press Release

Paris, 26 April 2021

Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total confirms the withdrawal of all Mozambique LNG project personnel from the Afungi site. This situation leads Total, as operator of Mozambique LNG project, to declare force majeure.

Total expresses its solidarity with the government and people of Mozambique and 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....


And April 23

Mozambique: Government says Total’s “main contracts” will be maintained

The Minister of Mineral Resources and Energy of Mozambique said on Thursday that oil company Total would maintain the “main contracts” of the natural gas project in Cabo Delgado, with only contracts with “subcontracted companies” being cancelled.

“There are several subcontracted companies that are being demobilised, but they are, above all, easy ‘re-mobilisable’ when the project is resumed,” Max Tonela said, after the second and last day of questions to the government in the Assembly of the Republic.

The minister explained the cancellation of contracts between Total and suppliers on the basis of the need to reduce costs resulting from the stoppage of the construction works of the enterprise following the recent attack on the town of Palma, just six kilometres from the natural gas project in Cabo Delgado.

“The stoppage time [of the project] entails high costs for the project,” he said, adding that the resumption of Total’s activities would depend on the reestablishment of security.

The Minister of Mineral Resources and Energy told deputies that everything possible was being done to restore safety in the area of the natural gas project, and that the Total project was “suspended” and “not abandoned”....


Mozambique could really use the money.
There is as much as an eighth of a Trillion dollars in committed and contemplated investment at risk from the Islamist killers....