The project, led by TotalEnergies, has faced delays due to concerns over violent unrest in the region.

"We are working closely with the operator Total and the Mozambique government to ensure security and finalise preparations for resuming construction," Hori told investors, adding the security situation in the area is showing signs of improvement.

"Several key checkpoints remain, but we are now in the final stages of preparation to restart construction as soon as possible," he said.

Highlighting the project's strong competitiveness, high-quality gas, and substantial reserves, he said that the Japanese trading company will move forward while carefully managing local risks.

TotalEnergies CEO Patrick Pouyanne said in October that 70% to 80% of a $14 billion financing package underpinning the project has been reconfirmed by financiers.

--Reuters--