Italian energy services group Saipem said that efforts to restart a multi-billion euro LNG project in Mozambique for TotalEnergies were underway, but refrained from giving a precise timetable.
The project, which would be the first onshore development of an LNG plant in this African country, was frozen in 2021 due to security and human rights concerns in the province of Cabo Delgato, where it will be located.
In a post-results conference call, Saipem CEO Alessandro Puliti said that last week he had visited the site where the large-scale liquefied natural gas (LNG) plant would be installed.
« J’ai passé une journée à Afungi… l’activité de relocalisation est presque terminée et toute la durabilité sociale (travail) que fait la joint-venture mozambicaine est très impressionnante », a déclaré Puliti, faisant référence au transfert d’un village hors du site. où l’usine sera construite.
TotalEnergies is the sole operator of the project, with a 26.5% stake. The other shareholders are Mozambique's ENH, Japan's Mitsui & Co, Thailand's PTTEP and India's ONGC Videsh, Bharat Petroleum and Oil India Ltd.