TotalEnergies SE is aiming to restart construction this year on its long-delayed Mozambique LNG export terminal as it works to revive the project. 

Work on the $20 billion facility was suspended in 2021 amid a rise in violence in the region. TotalEnergies, which has a 26.5% operating stake in the 12.9 million metric tons/year project, has been exploring a pathway to resume construction since then.

CEO Patrick Pouyanné told financial analysts on Wednesday during a call to discuss year-end results that the company has worked closely with suppliers and contractors on costs to get the project back on track. “So, construction, I hope it will come back by the middle of the year,” he added.

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