Rising costs threaten Mozambique LNG

March 2, 2023/in /by Rudolf Huber

It’s a very common problem with very large projects such as big-style LNG. Billions are at stake and especially in Africa there are many who want their share before even anything has been done on the ground. This balloons business development cost and also requires good oversight to keep all the vultures at bay. I have seen decades-old LNG projects that had gone no further than PowerPoint presentation because of this and all the cost before FID needs to be rolled into the project development cost eventually. If governments and those hoping to strike it rich would be a little more modest, more projects would see the light of day.

As security improves, TotalEnergies has other concerns

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