French energy group Total (TOTF.PA) declared force majeure on its $20 billion liquefied natural gas (LNG) project in Mozambique and confirmed it had withdrawn all staff from the construction site following insurgent attacks last month.
Dozens of civilians were killed in the Islamic State-linked attacks in the coastal Mozambique town of Palma, near gas projects that are worth $60 billion and are aimed at transforming the East African nation's economy. read more
The violence in March has dealt a blow to plans by Total and rival Exxon Mobil (XOM.N), which also has an LNG project in Mozambique, to turn the country into