Total’s LNG-project revival crucial for Mozambique to pay debt

Mozambique’s ability to keep servicing its rising debt pile depends on the resumption of TotalEnergies SE’s $20-billion liquefied natural gas project, according to S&P Global Ratings. The project, once touted as Africa’s biggest private investment, stalled in 2021 following terror attacks by Islamic State-linked rebels in Mozambique’s northeast. Progress in containing the violence has led to speculation that work may resume in the coming months, but TotalEnergies has yet to make a decision.