–Mozambique’s President Daniel Chapo said his government is considering a proposal by France’s TotalEnergies to alter the contract period and approve increased costs for its liquefied natural gas project, Bloomberg reports.
–The French energy major is seeking a 10-year extension to the project–which has been delayed since 2021 due to security issues but is close to restarting–as well as a $4.5-billion increase in costs, according to Bloomberg.
–“Mozambique may present counterarguments, and then we can reach a consensus on whether the proposed extension will proceed or not,” Chapo said in translated comments, Bloomberg reports.
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Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
10-31-25 0433ET