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

Security Risk , Corporate Strategy
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