Business Maverick: Troops Eject Rebels Who Besieged Total’s Mozambique Project

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Business Maverick: Troops Eject Rebels Who Besieged Total’s Mozambique Project
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Troops from Mozambique and Rwanda retook a port town at the heart of a four-year insurgency that led to the suspension of a $20 billion project by TotalEnergies SE.

Mozambique and Rwanda recaptured Mocimboa da Praia even before troops from the 16-member Southern African Development Community joined combat operations. Botswana President Mokgweetsi Masisi said SADC mission to Mozambique starts on Monday in Pemba, the provincial capital of Cabo Delgado. Rwanda isn’t a member of SADC, and there have been some tensions over its involvement in the matter.

TotalEnergies, which bought an operating stake in the project for $3.9 billion in 2019, was targeting to start exporting the super-chilled fuel by the end of 2024. The first phase of the project is designed to produce over 13 million tons of LNG a year.

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