Mozambique: Total announces two-year delay to first gas following force majeure

  • TotalEnergies confirm a two-year delay to Mozambique LNG production, with first gas now seen in 2026

  • Project activity is expected to resume in 2022 following the force majeure that was declared in April

  • Better visibility over LNG timeline to support bonds, along with low debt service, SDR allocation and DSSI; maintain Buy
September 29th, 2021
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