India’s state-run Oil India Ltd (OILI.NS) has announced that the $20-billion Mozambique liquefied natural gas (LNG) project, operated by French energy giant TotalEnergies (TTEF.PA), is expected to restart development by the end of 2025. The project, in which Oil India holds a stake, was halted in 2021 due to a deadly attack by Islamic State-linked insurgents, prompting TotalEnergies to declare force majeure. Speaking at the company’s annual shareholder meeting, Oil India Chairman Ranjit Rath expressed optimism about the project’s revival, citing improved security conditions and its strategic importance in meeting India’s growing gas demand. TotalEnergies CEO Patrick Pouyanne had previously indicated in June that development could resume ‘this summer.’ The project is a multinational venture, with TotalEnergies holding a 26.5% stake, Mitsui & Co (8031.T) owning 20%, Mozambique’s state-owned ENH at 15%, and Indian state firms ONGC Videsh, Bharat PetroResources, and Oil India collectively holding 30%. Thailand’s PTTEP (PTTEP.BK) owns the remaining share. Separately, Oil India reported significant dividends from its investments in Russian projects, including Vankorneft and Taas-Yuryakh, with $942 million received, representing 91% of its original investment. Full recovery of the investment is anticipated in the coming year.