Company Briefs

WGC TotalEnergies CEO aims to lift force majeure on Mozambique LNG projectTotalEnergies will seek Mozambique's approval to lift a force majeure declaration on its $20-billion liquefied natural gas (LNG) project there and resume construction by mid-summer, Chief Executive Patrick Pouyanne said on Tuesday.Covered by force majeure since 2021, following insurgent attacks, the project includes development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession and the building of a two-train liquefaction plant."The security situation has improved," Pouyanne told Reuters on the sidelines of the World Gas conference. "It will be up to the government of Mozambique to approve lifting of this force majeure."The plant will have a capacity of 13.12 million metric tons per year (tpy).Total is the operator with a stake of 26.5%, followed by Mitsui & Co 20%, while Mozambique's state-owned ENH has 15%. Indian state firms and Thailand's PTTEP own the rest.-REUTERS Vodacom pursuing joint fibre ventures in Africa broadband pushVodacom Group is pursuing partnerships for joint fibre ventures as Africa's second largest mobile operator looks to accelerate the roll out of high-speed broadband coverage across its markets.With the voice market slowing in parts of the continent including South Africa, telecom companies such as Vodacom and rivals MTN and Airtel Africa have doubled down on high-speed internet, an area long dominated by fibre companies such as Maziv-owned Dark Fibre Africa and Vumatel in South Africa.The ideal joint venture structure for Vodacom would be a 50-50 split with Vodacom not concerned about controlling any vehicle, Joosub said.Rolling out fibre organically is a slow and costly expansion option at a time when mobile operators need to make up ground on existing fibre networks.Homes and businesses connected by Vodacom reached 198,000 in the year ended March 31, while its own fibre passed almost 166,000 homes and businesses.Vodacom, majority-owned by UK-based Vodafone has 211.3 million mobile network customers across eight African countries. It is also partnering with satellite providers, including Amazon's Project Kuiper.-REUTERS Morocco, TAQA, Nareva team up to develop energy, desalination projectsMoroccan electricity and water utility ONEE has signed deals for projects from desalination to renewable energy and transmission lines with a consortium comprising the Mohammed VI Investment Fund and energy groups TAQA Morocco and Nareva, it said on Monday.TAQA Morocco, a unit of Abu Dhabi's TAQA Group, said the deals represented a total investment of 130 billion dirhams ($14.05 billion). TAQA Morocco shares were earlier suspended from trading on the Casablanca stock exchange pending the announcement.The projects, to be completed by 2030, include the construction of a 1 400 km high-voltage transmission line with a capacity of 3 000 megawatts linking Western Sahara to central Morocco, ONEE said in a statement.The consortium also plans to build desalination plants across the country with a combined annual capacity of 900 million cubic meters, and a waterway connecting the Sebou River in the northeast to the drought-hit Oum Rabia River in the south.In addition, it will develop 1 200 megawatts of new renewable energy capacity and construct a combined-cycle gas power plant at the Tahaddart site in northwestern Morocco, with a capacity of nearly 1 500 megawatts.-REUTERS

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Namibian Sun 2025-07-10

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Namibian Sun 2025-07-10

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