TotalEnergies CEO confirmed $400 million annual revenue from Russian LNG sales, highlighting ongoing trade flows despite EU sanctions scheduled to ban imports next year.
TotalEnergies will transfer its 10% stake in Russia's Arctic LNG 2 project to Novatek subsidiary Nordline following regulatory approval, citing Western sanctions and prior impairments.
Mozambique seeks debt restructuring with China while advancing a $30 billion ExxonMobil LNG project and resolving TotalEnergies costs amidst improved security in Cabo Delgado.
Mozambique disputes $2 billion in cost claims from TotalEnergies regarding its stalled LNG project after an audit failed to verify supporting documentation. The disagreement hinders the updated develo
Mozambique's debt crisis deepens with IMF reclassification, threatening LNG projects by TotalEnergies and ExxonMobil while fuel and fertilizer imports face inflationary pressure.
TotalEnergies and Mozambique officials announced the full restart of the $20 billion Mozambique LNG project, lifting force majeure status with production expected by 2029. Currently at 40% completion,
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