TotalEnergies CEO expects to restart Mozambique LNG project this summer

TotalEnergies expects its $20 billion Mozambique liquefied natural gas project to resume development "this summer", Chief Executive Patrick Pouyanne said on Wednesday.

He was asked about the timing during a session at the Japan Energy Summit in Tokyo.

Covered by force majeure since 2021, following insurgent attacks, the project includes development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession and the building of a two-train liquefaction plant.

The project will have a capacity of 13.12 million tonnes per annum.

TotalEnergies is the project's operator with a stake of 26.5 per cent, followed by Mitsui Co with 20 per cent, while Mozambique's state-owned ENH has 15 per cent. Indian state firms and Thailand's PTTEP own the rest.

(Reporting by Yuka Obayashi and Kathleen Benoza; Editing by Sonali Paul)