Market Chatter: TotalEnergies LNG Project Faces Mozambique Challenge Over $2 Billion in Costs

MT Newswires Live05-27

TotalEnergies (TTE) is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country, Bloomberg reported Wednesday, citing an unnamed person familiar with the matter.

The disagreement follows an audit that was unable to verify part of the expenses claimed by TotalEnergies and its partners because supporting documentation was lacking, the report said.

According to the report, agreement on the disputed costs is required before Mozambique can approve a revised development plan for the LNG project.

TotalEnergies did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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