TotalEnergies chief executive Patrick Pouyanne has outlined the speed at which the French giant could reboot its Yemen liquefied natural gas facility in the war-torn Arabian nation, while also elaborating on the potential restart work for its $20 billion Mozambique LNG project.
Both projects are under force majeure. Yemen LNG shut down seven years ago as civil war broke out, while construction on Mozambique LNG was halted two years ago after Islamist militants attacked nearby towns and accommodation facilities.
If gas prices stay too high for too long, then demand for LNG could be destroyed, Pouyanne said during the company’s first quarter results call with analysts last week.
