The Italian Saipem gradually resumes construction activities of the Mozambique LNG Project, following the announcement by Total E&P Mozambique Area 1 (TEPMA1) and the Government of Mozambique of further safety measures for the Afungi production site, at Cabo Delgado far north of Mozambique, the scene of recent subversive events.
Total also confirmed its objective of delivering the first loads of LNG in 2024 while Saipem had already informed on February 24, 2021, on the occasion of the presentation to the market of the financial results for 2020, that the project is in line with the expected timescales.
The Joint Venture CCSJV scarl, led by Saipem with McDermott International and Chiyoda Corporation, was awarded in June 2019 the contract for the engineering, supplies and construction of the onshore LNG project in Mozambique for a total amount of 8 billion dollars, of which Saipem’s share is approximately 6 billion dollars.