• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days Does Toyota Know Something That We Don’t?
  • 21 hours America should go after China but it should be done in a wise way.
  • 7 days World could get rid of Putin and Russia but nobody is bold enough
  • 9 days China is using Chinese Names of Cities on their Border with Russia.
  • 10 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 10 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 10 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 9 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 13 hours How Far Have We Really Gotten With Alternative Energy
  • 10 days Putin and Xi Bet on the Global South
  • 10 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 11 days United States LNG Exports Reach Third Place
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs
Green Chemistry Breakthrough: Researchers Create Ethylene from CO2

Green Chemistry Breakthrough: Researchers Create Ethylene from CO2

University of Cincinnati engineers have…

Red Sea Strikes and China's Economic Stimulus Support Oil Prices

Red Sea Strikes and China's Economic Stimulus Support Oil Prices

The Houthi's renewed maritime offensive…

Insurgents Repelled From TotalEnergies Mozambique LNG Area

Security forces from Rwanda and Mozambique have taken the Mozambican port city of Mocímboa da Praia from insurgents, whose attacks in the area forced France’s giant TotalEnergies to suspend a $20-billion liquefied natural gas (LNG) project earlier this year.

“The port city of Mocímboa da Praia, a major stronghold of the insurgency for more than two years has been captured by Rwandan and Mozambican security forces. The city also holds the District Headquarters and Airport,” the Ministry of Defense of Rwanda tweeted on Sunday.

“It’s necessary to wait and see the frequency of new attacks and where they will occur,” Calton Cadeado, a researcher at Joaquim Chissano University in Maputo, told Bloomberg. “If these are far from the area of resource exploitation, then we can say that the conquest is consolidated and LNG projects can resume with relative safety,” Cadeado added.

The area, which insurgents affiliated with Islamic State had held for over a year, is close to several major resource developments, including TotalEnergies’ LNG project.

With insurgents attacking areas in the Cabo Delgado province in Mozambique over the past year, TotalEnergies had to withdraw in April all Mozambique LNG project personnel from the Afungi site. The supermajor also declared force majeure on the project.

In March, the militants had raided the town of Palma in the Cabo Delgado province in attacks that left dozens of people killed.

Following the renewed attacks in April, TotalEnergies said at the end of March that it had postponed the restart of the construction activities at the LNG project site. None of the project staff were among the victims, TotalEnergies said on March 27 this year.

The TotalEnergies-led Mozambique LNG Project, for which the $20-billion Final Investment Decision (FDI) was taken back in 2019, is currently on track to deliver first LNG in 2024, TotalEnergies says.  

ADVERTISEMENT

By Tsvetana Paraskova from Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News