Total leans on its global LNG portfolio to mitigate Mozambique delays

Papua LNG project could offset some lost volumes and rebalance Total's exposure to Asian coal-to-gas switching opportunities

French oil major Total this week demonstrated the strategic benefits of having a diverse global LNG portfolio. Days after delaying the Mozambique LNG megaproject, Total pivoted to Papua New Guinea to fast-track a rival scheme that could partially plug the supply-side gap from the Mozambique delay. With coal-to-gas switching in the power sector driving A…