Attacks by militants in northern Mozambique's Cabo Delgado region, near the $30 billion Rovuma liquefied natural gas project, have forced hundreds of thousands of people to flee the area. "Last year we were really planning to have built Rovuma by 2025 and I don't want to make a promise on Rovuma and then disappoint the market again," he said. This marks a second setback to Mozambique's hopes to develop a major liquefied nature gas (LNG) hub in the coming years after TotalEnergies (TOTF.PA) suspended its own, separate LNG project in the country. Editing by Jane MerrimanOur Standards: The Thomson Reuters Trust Principles. Reporting By Tarek Amara.
This marks a third defeat for spirits hopes 52 years of a promising project as they attempt to cut their losses before a 4 years lay off.
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