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Mozambique

President Chapo returns empty-handed from Houston

ExxonMobil won’t recommit to its gas export scheme until Maputo agrees resumption terms with TotalEnergies

Over US$50 billion of gas investments are riding on the outcome of a financial fight between President Daniel Chapo’s government and France’s TotalEnergies Chief Executive Patrick Pouyanné. The question now is who will have the upper hand: neither Mozambique nor the big oil and gas companies can afford to walk away from the project.

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