Mozambique: Total announces two-year delay to first gas following force majeure
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TotalEnergies confirm a two-year delay to Mozambique LNG production, with first gas now seen in 2026
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Project activity is expected to resume in 2022 following the force majeure that was declared in April
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Better visibility over LNG timeline to support bonds, along with low debt service, SDR allocation and DSSI; maintain Buy
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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