The development of the project will cost up to US$23 billion and, according to Bloomberg, will be Africa’s largest single investment. Mozambique hopes that the project will help transform its economy.
Bloomberg quoted Patrick Pouyanné, Chief Executive Officer of Total, as saying: “I would like to reaffirm the importance of Mozambique LNG for Total, where we will become the operator.
“This is a unique asset which perfectly fits our strategy and our skills.”