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Market Chatter: TotalEnergies' $2 Billion Cost Claims for Mozambique LNG Project Disputed

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TotalEnergies (TTE.PA, TTE.L) and its partners' claims of incurring $2 billion in costs linked to a prolonged stoppage of their under-construction liquefied natural gas project in Mozambique are being disputed by the government.

Bloomberg News reported Wednesday, citing a person with knowledge of the matter, that the dispute follows an audit finalized by UK consultancy Bayphase, which was unable to verify the costs due to a lack of supporting documentation.

TotalEnergies did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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