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TotalEnergies CEO Discusses Mozambique LNG Financing and Future Investments

TotalEnergies CEO discusses significant support for the Mozambique LNG project and predicts decision timelines regarding investments in Namibia by 2026. The company expects oil prices to stabilize around $70 per barrel by 2025 while continuing to push into renewable energy investments and aiming for a New York listing.

TotalEnergies’ CEO has confirmed ongoing support from the US Export-Import Bank for a liquefied natural gas (LNG) project in Mozambique, emphasizing the project’s significance for future investments. Funding is anticipated by the end of the year, which would aid TotalEnergies in advancing its Mozambique LNG project. Additionally, the CEO projected a decision regarding investment in Namibia is expected in 2026, indicating a continued focus on large-scale energy projects in Africa.

Forecasts from the CEO predict oil prices at approximately $70 per barrel by 2025. He also reassured stakeholders about TotalEnergies’ commitment to renewable energy investments, following global trends towards sustainable energy. In parallel, the company aims to finalize its New York listing this year, which would enhance its market presence in North America.

TotalEnergies, a major player in the energy sector, has strategic interests in various global projects, particularly in LNG. Mozambique’s rich natural gas reserves represent a crucial part of its portfolio, crucial for the company’s future revenue. The ongoing financing efforts and collaborations with institutions like the Export-Import Bank underscore TotalEnergies’ commitment to expanding its influence and operational footprint in the region.

In summary, TotalEnergies is actively pursuing its LNG project in Mozambique, with expected financial support from the US Export-Import Bank. The company remains confident in its ability to navigate investments in Africa while anticipating stable oil prices and enhancing its renewable energy sector. Key decisions regarding investment timelines in Namibia and the planned New York listing reflect TotalEnergies’ strategic growth agenda.

Original Source: www.marketscreener.com

Lila Khan

Lila Khan is an acclaimed journalist with over a decade of experience covering social issues and international relations. Born and raised in Toronto, Ontario, she has a Master's degree in Global Affairs from the University of Toronto. Lila has worked for prominent publications, and her investigative pieces have earned her multiple awards. Her insightful analysis and compelling storytelling make her a respected voice in contemporary journalism.

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