Total Declares Force Majeure on Mozambique LNG Project
April 26 2021 - 2:34AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
Considering the evolution of the security situation in the north
of the Cabo Delgado province in Mozambique, Total confirms the
withdrawal of all Mozambique LNG project personnel from the Afungi
site. This situation leads Total, as operator of Mozambique LNG
project, to declare force majeure.
Total expresses its solidarity with the government and people of
Mozambique and wishes that the actions carried out by the
government of Mozambique and its regional and international
partners will enable the restoration of security and stability in
Cabo Delgado province in a sustained manner.
Total E&P Mozambique Area 1 Limitada, a wholly owned
subsidiary of Total SE, operates Mozambique LNG with a 26.5%
participating interest alongside ENH Rovuma Área Um, S.A. (15%),
Mitsui E&P Mozambique Area1 Limited (20%), ONGC Videsh Rovuma
Limited (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL
Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Limited
(8.5%).
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and electricity. Our 100,000 employees are committed to
better energy that is more affordable, more reliable, cleaner and
accessible to as many people as possible. Active in more than 130
countries, our ambition is to become the responsible energy
major.
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL SE directly or indirectly owns investments are separate legal
entities. TOTAL SE has no liability for their acts or omissions. In
this document, the terms “Total”, “Total Group” and Group are
sometimes used for convenience. Likewise, the words “we”, “us” and
“our” may also be used to refer to subsidiaries in general or to
those who work for them. This document may contain forward-looking
information and statements that are based on a number of economic
data and assumptions made in a given economic, competitive and
regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TOTAL
SE nor any of its subsidiaries assumes any obligation to update
publicly any forward-looking information or statement, objectives
or trends contained in this document whether as a result of new
information, future events or otherwise.
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