Britain withdraws $1.15 billion backing from TotalEnergies-led Mozambique LNG

Core Insights - The British government has decided to withdraw its $1.15 billion backing for the TotalEnergies-led Mozambique Liquefied Natural Gas project [1] Company Impact - TotalEnergies, as the leading company in the Mozambique Liquefied Natural Gas project, will face significant financial implications due to the withdrawal of the British government's support [1] Industry Implications - The decision may affect the overall investment climate in the liquefied natural gas sector, particularly in emerging markets like Mozambique, potentially leading to reduced foreign investment [1]