France 24: France's Total suspends Mozambique gas project over jihadist attacks
French energy giant Total on Monday confirmed it is suspending work on a massive $20 billion gas project in northern Mozambique following the latest jihadist assault on a nearby town last month.
"Considering the evolution of the security situation... Total confirms the withdrawal of all Mozambique LNG [Liquefied Natural Gas] project personnel from the Afungi site," the company said in a statement.
Total added that it was declaring a "force majeure" situation beyond its control, a legal concept meaning it can suspend fulfilling contractual obligations.
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More News On Total Suspending $20 Billion Mozambique Gas Project Over Jihadist Attacks
Mozambique gas project: Total halts work after Palma attacks -- BBC
Total declares force majeure on Mozambique LNG after insurgent attacks -- Reuters
Exclusive: Refugees recount brutal attack by Islamist insurgents in Mozambique's Palma -- France 24
France's Total Evacuates Staff, Announces Force Majeure on LNG Project in Mozambique -- Sputnik
2 comments:
This is a huge blow to Mozambique. I am mozambican and I can tell you what does it means.
I'm sure it's not an acceptable situation, anon. Your family and friends back there have my sympathies.
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