He highlights the complex dynamics between the state and foreign investors in the country’s post-conflict recovery.

Speaking on the sidelines of ongoing discussions about the future of the stalled megaproject, Foia pointed out that while much of the financing is in place, the formal lifting of the “force majeure” clause, imposed after a series of terrorist attacks in 2021, is the critical hurdle.

“TotalEnergies holds the key to the project’s revival. The government cannot proceed without the company’s formal consent to resume operations,” Foia said. He further cautioned about the broader social and economic challenges Mozambique faces in balancing foreign investment with local development priorities, especially in a region still emerging from conflict.

The project, centred in the gas-rich province of Cabo Delgado, has been on hold for over three years, with security concerns disrupting operations and causing international investors to hesitate.

President Daniel Chapo has confirmed that Mozambique is ready to move forward but insists the ultimate decision lies with TotalEnergies. The government has reportedly secured a significant portion of the funding needed to recommence the project, but progress remains stalled pending the company’s formal go-ahead.

Foia’s insights shed light on the delicate negotiations underway as Mozambique seeks to revive one of its most important economic ventures, promising new opportunities for energy exports and social development if managed carefully.

--ChannelAfrica--