8legs: Atradius dutch state business

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Key facts: TotalEnergies sells stake in Nigeria; withdraws from Mozambique LNG

TotalEnergies will sell a 40% stake in two Nigerian offshore licenses to Chevron, while keeping a 40% operating stake.
The move aims to streamline TotalEnergies’ African portfolio and potentially refocus resources.
Atradius Dutch State Business was informed that financing for Mozambique LNG is no longer needed.
The UK government has withdrawn financial support for the Mozambique LNG project.
Mozambique LNG has faced delays since 2021 due to regional unrest affecting development.
TotalEnergies retains a 40% operating stake in the Nigerian licenses as part of the deal.
The Nigerian transactions involve two offshore licenses in which TotalEnergies participates with Chevron.
The announcements underscore broader strategic shifts in TotalEnergies’ African energy portfolio.
No immediate Dutch financing support remains for Mozambique LNG after the notice to Atradius.
The Mozambique LNG project has struggled to secure external funding amid regional instability.

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