Country Risk: Mozambique Faces Stark Choices

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• Mozambique’s hopes of becoming a major LNG exporter are in disarray after a series of jihadist attacks close to project facilities in the northeast region of Cabo Delgado. • TotalEnergies declared force majeure on its $20 billion Mozambique LNG scheme in April, pushing back the planned start-up by at least a year, until 2025. • Rising political risk isn't the only obstacle: Growing pressure on lenders and from shareholders to limit fossil fuel investments means Exxon Mobil and Eni’s planned Rovuma LNG project is increasingly unlikely to get sanctioned. The Issue

Topics:
Security Risk , Corporate Strategy
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