TotalEnergies’ massive liquified natural gas (LNG) project in Mozambique is to receive a US$4.7-billion loan, a lifeline for the “carbon bomb” fossil gas plant long-delayed by insurgent Islamist terrorists in the region, reports Climate Home News. Construction on the project in northern Cabo Delgado Province ceased after the Al-Shabaab attack, in which as many as 1,200 people were killed or went missing.
The company had hoped to start construction last year, as Mozambican and allied forces made significant progress in eradicating the terrorist group, but conceded in January this year that continued security concerns and funding issues would push the restart to 2029.
(Source Macao News)
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