(3 minutes read)
· C.E.O of the French oil giant Total Patrick Pouyanné, has met Mozambique’s president Filipe Nyusi, recently to discuss about the relaunch of the gas production project suspended last year due to security issues, giving rise to the hope that it might start operations in the near future to complete the project by 2026
· The upshot of the meeting was relaunching of the a gas production project suspended last year, following a jihadist attack in March 2021
· Total halted operations and withdrew the staff at a site exploring a major gas field in northern Mozambique.
C.E.O of the French oil giant Total Patrick Pouyanné, has met Mozambique’s president Filipe Nyusi, recently to discuss about the relaunch of the gas production project suspended last year due to security issues, giving rise to the hope that it might start operations in the near future to complete the project by 2026.
The upshot of the meeting was relaunching of the a gas production project suspended last year, following a jihadist attack in March 2021. Total halted operations and withdrew the staff at a site exploring a major gas field in northern Mozambique.
The gas project entailing a cost upwards of US$15 billion is to come at the gas-rich Cabo Delgado province. It was battered by the jihadists, which holds the region by ransom since 2017, taking the lives of at least 2,600 people and displacing nearly 700,000 people. Mozambique pins a lot of hopes on the project to find resources for funding its development projects.
Total Energy’s plan was to start the production on site in 2024. But it was postponed until 2026. Patrick Pouyanné was hopeful that peace would return to the region enabling “firms and residents” to head back to the Cabo Delgado province.
Rwanda and countries part of the Southern African Development Community, last summer sent at least 3,000 soldies to ensure security to the region. Mozambique doesn’t produce oil. The southern African country relies on imports. However, the country has one of the largest reserves of gas in Africa.
