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LISBON (Reuters) - Portugal’s Galp Energia , a partner in an Exxon Mobil-led gas consortium in Mozambique, will not invest in onshore plants there until authorities guarantee security and social stability, which may take time, CEO Andy Brown told Reuters.
The logo of GALP is seen next to a petrol station of GALP company near Lisbon, Portugal July 30, 2018. REUTERS/Rafael Marchante/Files
This marks a second setback to Mozambique’s hopes to develop a major liquefied nature gas (LNG) hub in the coming years after TotalEnergies suspended its own, separate LNG project in the country.
Attacks by militants in northern Mozambique’s Cabo Delgado region, near the $30 billion Rovuma liquefied natural gas project, have forced hundreds of thousands of people to flee the area.