TotalEnergies, while announcing a $4.5 billion increase in the cost of its Mozambique gas project, has requested a 10-year extension to its concession. This adjustment presents major economic and regulatory challenges for the Mozambican state.

Four years after work was suspended following militant attacks in Cabo Delgado province, TotalEnergies is preparing to restart the Mozambique LNG project, now estimated at $24.5 billion, up from an initial $20 billion.

For more information, please see https://www.ecofinagency.com/insights/2910-49915-mozambique-gas-totalenergies-new-24-5-billion-challenge