Latest news with #PatrickPouyanne
Bloomberg
8 hours ago
- Business
- Bloomberg
TotalEnergies Says It Can Get Mozambique LNG Running by 2029
TotalEnergies SE and its partners can still start producing liquefied natural gas in Mozambique from 2029, as they are poised to resume work at a $20 billion project thanks to improved security, Chief Executive Officer Patrick Pouyanne said in an interview with Nikkei Asia. 'Production will be by 2029,' the CEO of the French energy giant said in an interview with the Japanese media dated June 25. While on-site work was halted after insurgents attacked the region four years ago, 'people continued with the engineering,' so 'we should be able to meet' the 2029 target.
Bloomberg
17 hours ago
- Business
- Bloomberg
Total Gets Offers for Potential Sale of Argentina Shale Oil Assets
France's TotalEnergies SE is in talks with at least two suitors who have submitted bids for its shale oil assets in Argentina, according to people familiar with the matter. Progress with the divestment comes after Chief Executive Officer Patrick Pouyanne said earlier this year that he'd be willing to offload stakes in the fields at the right price.
Nikkei Asia
3 days ago
- Business
- Nikkei Asia
TotalEnergies to start production at Asia-serving Mozambique LNG in 2029
TotalEnergies CEO Patrick Pouyanne poses before an interview in Tokyo on June 18. (Photo by Yuki Kohara) SHOTARO TANI TOKYO -- The CEO of French oil major TotalEnergies said production of liquefied natural gas at its $20 billion dollar Mozambique LNG project will begin in 2029, given the improving security situation and the release of key financing from the U.S. Patrick Pouyanne told Nikkei Asia that the company is looking to relaunch the project this summer, after years of suspended activities due to violence from Islamic insurgents. That will put the huge natural gas project, key to Asia's energy security, in line to start operations before the end of the decade, he said.
Zawya
20-06-2025
- Business
- Zawya
Mozambique energy minister optimistic on TotalEnergies' plan to resume LNG project
TOKYO - Mozambique's energy minister said on Friday the government has not received a request from TotalEnergies to lift a force majeure declaration on its $20-billion liquefied natural gas (LNG) project there, but he is optimistic about the oil major's plan to resume its development this summer. The force majeure will be lifted as soon as the project's operator determines conditions are in place to resume operations, Minister of Mineral Resources and Energy Estevao Pale told reporters in Tokyo, after meeting with Japan's industry minister, Muto Yoji. "We, as government, are doing everything that we can to be able to resume the project," Pale said. "We are working together with all partners on the project to create the security conditions favourable to restart the project," he said, adding that security conditions have improved considerably. TotalEnergies Chief Executive Patrick Pouyanne had said at an energy conference in Tokyo on Wednesday that he expects the project to resume development "this summer". Covered by force majeure since 2021 following insurgent attacks, the Mozambique LNG project includes development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession and the building of a two-train liquefaction plant. The plant will have an annual capacity of 13.12 million metric tons. French oil and gas giant TotalEnergies is the project's operator with a stake of 26.5%, followed by Mitsui & Co with 20%. Mozambique's state-owned ENH has 15%, and Indian state companies and Thailand's PTTEP own the rest. (Reporting by Yuka Obayashi in Tokyo; Writing by Emily Chow in Singapore; Editing by Jacqueline Wong and Tom Hogue)
Reuters
20-06-2025
- Business
- Reuters
Mozambique energy minister optimistic on TotalEnergies' plan to resume LNG project
TOKYO, June 20 (Reuters) - Mozambique's energy minister said on Friday the government has not received a request from TotalEnergies ( opens new tab to lift a force majeure declaration on its $20-billion liquefied natural gas (LNG) project there, but he is optimistic about the oil major's plan to resume its development this summer. The force majeure will be lifted as soon as the project's operator determines conditions are in place to resume operations, Minister of Mineral Resources and Energy Estevao Pale told reporters in Tokyo, after meeting with Japan's industry minister, Muto Yoji. "We, as government, are doing everything that we can to be able to resume the project," Pale said. "We are working together with all partners on the project to create the security conditions favourable to restart the project," he said, adding that security conditions have improved considerably. TotalEnergies Chief Executive Patrick Pouyanne had said at an energy conference in Tokyo on Wednesday that he expects the project to resume development "this summer". Covered by force majeure since 2021 following insurgent attacks, the Mozambique LNG project includes development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession and the building of a two-train liquefaction plant. The plant will have an annual capacity of 13.12 million metric tons. French oil and gas giant TotalEnergies is the project's operator with a stake of 26.5%, followed by Mitsui & Co (8031.T), opens new tab with 20%. Mozambique's state-owned ENH has 15%, and Indian state companies and Thailand's PTTEP ( opens new tab own the rest.
