Total suspends work on $20bn Mozambique gas project after IS

Total suspends work on $20bn Mozambique gas project after ISIS attacks


SHARE
French energy company Total halted operations on its $20 billion investment in a liquefied natural gas project in northern Mozambique because of repeated rebel insurgency.
Total used the legal clause of force majeure, which frees parties from liability or obligation when an extraordinary event occurs, to withdraw from its contracts.
The move casts doubt on the future of the gas project, which was expected to bring sustained growth to Mozambique's struggling economy.
Thousands of people were forced to seek refuge after the coastal town of Palma was overrun and seized by an armed detachment of about 150 insurgents on March 24.
Volunteers distribute food to refugees sheltered in Pemba, Mozambique, after they fled attacks by ISIS extremists. (AP Photo)

Related Keywords

Mozambique , South Africa , Pemba , Cabo Delgado , Mali , Zimbabwe , Portugal , Tanzania , France , French , Carlos Zacarias , Al Shabab , Daniel Driscoll , Southern African Development Community , National Petroleum Institute , மொசாம்பிக் , கோபோ டெல்கடோ , மாலி , ஸிஂபாப்வே , போர்சுகல் , தான்சானியா , பிரான்ஸ் , பிரஞ்சு , கார்லோஸ் ஜக்ரியாச் , அல் ஷபாப் , டேனியல் ட்ரிஸ்கல் , தேசிய பெட்ரோலியம் நிறுவனம் ,

© 2025 Vimarsana