TotalEnergies' $20 billion Mozambique LNG project will not be operational by 2029 as hoped, the French oil major said on Wednesday, citing the need to end force majeure and ensure security at the project site.

An open letter Wednesday signed by 126 non-governmental organizations urged public and private lending institutions to end financing for a Mozambique liquified natural gas facility being built by France's TotalEnergies.

A group of more than 100 NGOs has called on private banks and public lending institutions to stop financing a liquefied natural gas (LNG) facility under construction by French fossil fuel giant TotalEnergies in Mozambique.

TotalEnergies has further delayed its troubled $20bn liquefied natural gas project in Mozambique as security concerns and political uncertainty dog one of Africa’s biggest energy investments.

TotalEnergies SE hired a Washington lobbyist to help approve key export financing in an effort to revive its Mozambique liquefied natural gas project, which has been on hold for years due to security threats.

TotalEnergies postpones the Mozambique Lng project due to the ongoing security threats in Cabo Delgado. A delay that also impacts Saipem which suffers on the stock market

Mozambique's new president, Daniel Chapo, is not planning to review contract terms with energy giants like TotalEnergies and ExxonMobil, which are involved in large LNG projects. Despite ongoing insurgencies and election protests,

In a written answer to the NGOs seen by POLITICO, neither of the two French banks committed to stop financing the gas project or expressed support for an independent investigation. Société Générale said it was bound by confidentiality and its contracts with all of its customers.

France's TotalEnergies has further delayed its $20 billion liquefied natural gas (LNG) project in Mozambique, citing ongoing security concerns, the Financial Times reported on Wednesday.