TotalEnergies is formally restarting construction of the US$20bn Mozambique LNG project, ending a nearly five-year suspension of one of Africa’s largest-ever investments. The project was put on hold in 2021 following security concerns linked to Islamic State-affiliated violence (TotalEnergies press release, 29/01/2026).
TotalEnergies said in 2025 that it was ready to resume work at the site in the northern province of Cabo Delgado, after increasing its equity stake alongside its partners when some financiers withdrew from the project. The plant, with a production capacity of 13.1 Mt/year, is expected to start LNG production and exports in 2029.
TotalEnergies holds a 26.5% stake in the Mozambique LNG consortium. Japan’s Mitsui owns 20%, Mozambique’s state-owned ENH 15%, while BEAS Rovuma Energy Mozambique and ONGC Videsh each hold 10%. Thailand’s PTTEP owns the remaining 8.5%.
Additionally, Exxon Mobil Corp. is due to reach a final investment decision later in 2026 on a larger LNG project, the 18 Mt/year Rovuma LNG project, adjacent to TotalEnergies’ development in Mozambique.
- In November 2025, Exxon Mobil lifted force majeure on its Rovuma LNG project in Mozambique (KEI, 24/11/2025). The project is targeting first LNG production in 2030.
Mozambique’s proven natural gas reserves are estimated at 650 bcm, while total gas resources are estimated at around 5,300 bcm, making the country the sixth-largest holder of natural gas resources in Africa (Enerdata Global Energy Research).
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