TotalEnergies CEO: to meet Mozambique president to move forward with project in country

PARIS, Oct 2 (Reuters) – Patrick Pouyanne, the chairman and chief executive of TotalEnergies, said he planned to go to Mozambique later this month to meet the country’s new president over the company’s planned project in Mozambique.

“The project remains profitable, we remain committed,” Pouyanne said on an investor presentation.

The Mozambique liquefied natural gas (LNG) project, estimated to be worth around $20 billion, has faced delays due to concerns over violent unrest in the region, but Pouyanne said there had recently been “progress on security.”

Mozambicans will vote in presidential and legislative elections on Oct. 9 that are almost certain to extend the ruling Frelimo party’s half century in power, as it battles a long-running Islamist insurgency in one of Africa’s largest gas fields.

(Reporting by America Hernandez and Dominique Patton; Editing by Sudip Kar-Gupta)

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