-
Ukraine irrelevant to Russia and IOC's relationship: Russian minister
-
Manchester City brace for hostile Liverpool reception after guilty verdict
-
Brennan keeps his cool in Japan for third PGA Tour victory
-
Brazil's Lula accuses Meta of election interference
-
Bezzecchi wins in Indonesia as Martin retakes MotoGP championship lead
-
South Korea completes trial of Arctic shipping route
-
US Open finalist Shelton dumped out in Shanghai third round
-
アレックス・ボディ、CRIFとともに透明性の高い投資と徹底した資金洗浄防止に注力
-
India releases 'cockroach' leaders as movement calls for more protests
-
Brennan holds off Schauffele for PGA Tour win in Japan
-
Ο ALEX BODI δίνει έμφαση, σε συνεργασία με την CRIF, στις διαφανείς επενδύσεις και στη συστηματική πρόληψη της νομιμοποίησης εσόδων από παράνομες δραστηριότητες
-
ALEX BODI satsar tillsammans med CRIF på transparenta investeringar och ett konsekvent arbete mot penningtvätt
-
ALEX BODI sází ve spolupráci s CRIF na transparentní investice a důslednou prevenci praní špinavých peněz
-
ALEX BODI stawia wraz z CRIF na przejrzyste inwestycje i konsekwentne przeciwdziałanie praniu pieniędzy
-
एलेक्स बोदी क्रिफ के सहयोग से पारदर्शी निवेश और धनशोधन की कड़ाई से रोकथाम पर ज़ोर देते हैं
-
알렉스 보디, CRIF와 함께 투명한 투자와 철저한 자금세탁방지에 주력
-
ALEX BODI 攜手 CRIF,推動透明投資並貫徹洗錢防制
-
ALEX BODI turns to CRIF for transparent investment and rigorous money laundering prevention
-
Indian court releases 'cockroach' movement leaders from detention
-
The 'cockroach' protests against India's election body
-
Indonesia releases eight orangutans rescued from fires to protected forest
-
Power, water, jobs: Google on India data centre concerns
-
Russian Yandex data centre operations disrupted after drone strike
-
Google faces backlash against India data centre
-
Architect fights to save India's past, built on 'stone, tears and sweat'
-
Trump urges Zelensky replacement as diesel row rages
-
Hurricane Simon strengthens as it nears western Mexico
-
New Yorkers snap up discarded subway signs, seats at annual sale
-
'Everyone is angry': Okinawans fearful and frustrated after killing
-
Messi nets brace to win in first match after Argentina exit
-
Trump's trade wars sting US manufacturers ahead of midterms
-
Ravindra fit for New Zealand ODI series against India
-
Kenyan great Kipchoge wins first marathon in three years
-
All Blacks lose four players for second Wallabies Test
-
Barca extend perfect streak, Real Madrid survive Vinicius red
-
Spanish women return to action with 2-0 friendly win over USA
-
PSG ease to Ligue 1 win before Manchester City test
-
Bordeaux-Begles end wait for away win before Champions Cup defence
-
Real Madrid edge Villarreal, Vinicius sent off for hair pull
-
Traumatized Panamanians begin quake recovery
-
Carrick demands more 'streetwise' Man Utd after Spurs setback
-
Palestinian Mahmoud Abu Hamda wins top photography prize at Bayeux
-
10-man Tottenham ramp up pressure on Man Utd boss Carrick
-
Inter Milan dominate Parma to go top of Serie A
-
India 'cockroach' movement says thousands detained in Delhi protest
-
Barca extend perfect streak, Atletico scrape late win
-
Injury ends season for NHL Rangers star goalie Shesterkin
-
10-man Tottenham strike back to hold Man Utd
-
Ten-man Spurs rescue draw at Man Utd, Arsenal survive Leeds scare
-
Gordon nets first Barca goal as Liga leaders beat Getafe
Huge Mozambique gas project restarts after five-year pause
French energy giant TotalEnergies officially relaunched Thursday a massive gas project in northern Mozambique after a five-year pause imposed following a jihadist attack that claimed hundreds of lives.
Reportedly the largest private investment in Africa's energy infrastructure, the Mozambique LNG project is expected to generate thousands of jobs and help make the country one of the world's biggest LNG exporters.
TotalEnergies chief executive Patrick Pouyanne announced the restart of the work at a ceremony attended by President Daniel Chapo.
"I am delighted to announce the full restart of the Mozambique LNG project... The force majeure is over," Pouyanne said.
The $20-billion project in the northern Cabo Delgado province on the border with Tanzania was suspended following the 2021 attack that killed an estimated 800 people.
TotalEnergies had already lifted in October the force majeure it declared after the bloodshed and has sought compensation of $4.5 billion in cost overruns linked to the delay from the Mozambique government.
There are already more than 4,000 workers on site and 80 percent are Mozambican nationals, said Pouyanne, whose company owns a 26.5-percent stake in Mozambique LNG.
"This project will make the region a new source of global energy security," he said.
- Celebration, resilience -
"It is a day of celebration for Mozambique, for Africa and for the world," Chapo said.
"It is a historic moment, representing much more than the start of construction work," he said.
"It represents the victory, resilience, courage and determination of the Mozambican people," he added.
Mozambique is "capable of overcoming challenges and restoring the confidence of domestic and foreign investors", he said.
Chapo's office said in a statement ahead of the ceremony that the restart of the project "presents a significant milestone for the national economy".
But environmental groups have called the project a "climate bomb" that would bring little benefit to Mozambicans, more than 80 percent of whom lived below the poverty line of $3 per day in 2022, according to the World Bank.
TotalEnergies is seeking a 10-year extension to its concession, more than double the length of the delay. It was not immediately clear if Maputo would approve the extension.
Northern Mozambique has been battered by a bloody jihadist insurgency since late 2017.
While the region has not experienced an attack on the scale of the one in 2021, there are regular attacks on civilians and troops blamed on jihadist insurgents.
In 2021, insurgents stormed the port town of Palma, a few kilometres from the TotalEnergies site, sending thousands of people fleeing into the surrounding forest.
Conflict tracker ACLED estimated more than 800 people were killed.
The insurgency has left more than 6,200 people dead since 2017, according to ACLED, which collects data on conflict zones.
It is blamed on a group referred to as "Al-Shabaab" by locals and authorities -- despite no known link to the Somali jihadist group -- that seeks to impose Sharia law in Cabo Delgado, a neglected outpost that has become fertile ground for radical ideology.
Several gas projects in the area, also involving Italian group ENI and American oil giant ExxonMobil, could "make Mozambique one of the world's top ten (natural gas) producers, contributing 20 percent of African production by 2040", according to a 2024 report by the audit firm Deloitte.
F.Müller--BTB