Browsing: Oil & Gas

If global warming is to be kept to below 1.5ºC, then LNG supply from projects which have already been given the go-ahead could exceed demand by around 25%, according to a report released on Thursday by financial think tank Carbon Tracker. If TotalEnergies’ Mozambique LNG project moves ahead, it could be among the projects that are forced to close early

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Tanzania plans to start construction of its 10mtpa LNG project in 2023 and start LNG exports in 2028. As the rising insecurity in Cabo Delgado throws both the timing and volume of Mozambique gas exports into doubt, is the Tanzanian government planning to step up to fill the gap? Or have both countries already missed the market?

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The French energy multinational TotalEnergies has declared force majeure on more contracts at its $20bn-plus liquefied natural gas (LNG) project in Cabo Delgado province, in the wake of ongoing terrorist activity near the project’s construction site, two sources have told Zitamar News

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Total is expecting at least a year’s delay at its $20bn Mozambique LNG project due to the escalating security crisis in the Cabo Delgado, Jean-Pierre Sbraire, chief financial officer at the French oil major said on Thursday

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