TotalEnergies CEO Patrick Pouyanne said on Wednesday that partners on its long-delayed Mozambique LNG project have decided to move ahead and launch by the middle of the year.
A nearly $5bn (R91.85bn) loan for the project was recently approved by US Exim Bank.
Pouyanne told analysts on a call that the company is still waiting on some finance decisions, but could finance it with equity.
Mozambique LNG project to launch by mid-year, says TotalEnergies CEO
Image: REUTERS/Stephanie Lecocq
TotalEnergies CEO Patrick Pouyanne said on Wednesday that partners on its long-delayed Mozambique LNG project have decided to move ahead and launch by the middle of the year.
A nearly $5bn (R91.85bn) loan for the project was recently approved by US Exim Bank.
Pouyanne told analysts on a call that the company is still waiting on some finance decisions, but could finance it with equity.
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