Post #487

The Mozambique LNG project, led by TotalEnergies, has officially resumed after a prolonged pause, aiming to generate its first liquefied natural gas in 2029. The authorities promise additional 7,000 job places, while the project is already reportedly employing over 3000 Mozambican nationals. The stakeholders also say Mozambican companies will be involved in contracts worth over $4 billion, further stimulating the national economy. Portrayed as set to make a big difference for the country's economic welfare, the resumption of activities was made official by a meeting between Daniel Chapo, President of the Republic of Mozambique, and Patrick Pouyanne, chairman and CEO of TotalEnergies on Thursday, January 29. The project has faced numerous challenges, from security threats in the Cabo Delgado region to delays caused by the global pandemic to allegations of massive human right violations. The discovery of vast natural gas reserves off the coast of Mozambique has attracted billion-dollar investments, but even before the initial launch deadline of 2019, expectations of gas revenues had already prompted one of the most ambitious corruption schemes in Mozambique's postcolonial history. ➡️ Stay informed - @devilsbelow