BOLDEN African News · Tuesday 20 October 2026
Mozambique reaffirms its sovereign guarantee to Mozambique LNG financiers
Mozambique's Council of Ministers, meeting on 20 October, reaffirmed the sovereign guarantee first issued in 2019 to creditors of the TotalEnergies-operated Mozambique LNG project in Cabo Delgado. The government values the two-train project, with planned capacity of about 12.9 million tonnes a year, at about $20 billion, and first production is targeted for 2029. TotalEnergies announced a full restart in January 2026.
Why it matters
Government backing for lenders supports one of the continent's largest energy investments as it resumes after years of suspension.
Source: FurtherAfrica · 21 October 2026