Core Insights - The $20 billion onshore liquefied natural gas (LNG) project in northern Mozambique is expected to resume development soon, serving as a significant catalyst for growth in the energy sector [1] - Despite ongoing security concerns in the Cabo Delgado region, TotalEnergies plans to restart work at the site by late 2025 after a four-year delay [1][2] - The completion of the LNG project is anticipated to boost Mozambique's energy-driven growth vision and instill confidence in the country [3] LNG Projects and Economic Impact - TotalEnergies holds a 26.5% stake in the onshore LNG project, with Mitsui at 20%, Mozambique's state-owned ENH at 15%, and other international partners [3] - Current and expected LNG projects are projected to contribute over $60 billion to Mozambique's economy in the coming decades, primarily for export to Europe and Asia [4] - The Coral South floating LNG project, operational since November 2022, has already exported 100 shipments of LNG, with the government expected to collect $23 billion in revenues over 25-30 years from this project alone [5] Future Developments - The Coral North project, also led by Eni, is expected to come online in 2028, contingent on a final investment decision, with an investment of approximately $7 billion [6] - ExxonMobil is awaiting a final investment decision on a $25 billion LNG project in the Rovuma Basin, expected in the first half of 2026 [7] Local Content and Economic Strategy - The government aims to implement local content laws to ensure that local communities benefit from the LNG projects, addressing concerns about the specialized nature of the industry [8] - Mozambique's government is also planning a second massive dam to enhance its hydroelectric capacity, contributing to regional power trading [9] Hydropower Projects - The $5 billion Mphanda Nkuwa hydropower project is set to double hydro capacity and is expected to be operational by 2031, supported by international partners [10][12] - The project includes a 1,300 km transmission line to connect to the national grid and regional markets, enhancing Mozambique's role in power supply [10] Renewable Energy Initiatives - Mozambique is advancing renewable energy projects, including wind and solar initiatives, to diversify its energy portfolio [16] - The government is on track to achieve universal energy access by 2030, increasing access from 31% in 2018 to over 60% [17][18]