Total chief executive Patrick Pouyanne this week defended the company's roughly $4 billion bid for an operating stake in Mozambique LNG, saying the purchase price compares favourably with other deals in the East African nation's nascent liquefied natural gas industry.
The French supermajor is set to become operator of the project in Mozambique's offshore Area 1 licence upon completion of a deal announced earlier this year to acquire Anadarko Petroleum’s African assets for a total of $8.8
