Mozambique disputes TotalEnergies' $2 billion cost estimate for LNG project delays

Summary

The government of Mozambique contests TotalEnergies' claim that $2 billion in cost overruns resulted from delays in the Mozambique LNG project. TotalEnergies suspended work on the $20 billion project due to security concerns from Islamist attacks, leading to a force majeure declaration. Mozambique has not yet approved an updated development plan and continues discussions with TotalEnergies regarding costs.

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