Mozambique: TotalEnergies Demands Billions of Dollars More Profit to Turn On the Gas – But Will Negotiate

TotalEnergies says it will only end force majuere and restart the gas project if the government pays the $4.5bn cost of the closure, takes on more of the risks, and allows TotalEnergies significantly more profit. In a statement Tuesday 28 (October) after the Council of Ministers meeting, government recognised that there will be more negotiations.

The demands were made in a 24 October letter from TotalEnergies head Patrick Pouyanne to President Daniel Chapo. Some in the Presidencia clearly thought…