The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies.

The project has been on hold since 2021 due to force majeure and awaits loan reapproval from UK and Dutch export credit agencies.

The US Export-Import Bank’s board approved a $4.7 billion loan that makes up the biggest piece of financing for TotalEnergies SE’s Mozambique LNG project, according to people with knowledge of the matter.

The US Export Credit Agency has approved a loan of nearly $5 billion for Mozambique LNG, something which had been refused under the Biden administration.

The Trump administration has released almost $5 billion in funding for a liquefied natural gas (LNG) project by France's TotalEnergies in Mozambique , the Financial Times reported on Thursday. The U.S.

US President Donald Trump’s administration has unlocked almost $5bn in funding for a liquefied natural gas project by France’s TotalEnergies in Mozambique, potentially restarting work on one of Africa’s largest energy investments.

The U.S. Export-Import Bank has approved a nearly $5 billion loan to support the Mozambique LNG project, a significant step toward resuming the long-delayed development led by TotalEnergies (EPA:TTEF).

The US export credit agency has unlocked key funding for TotalEnergies' Mozambique massive gas project - halted after militant attacks

The key project loan was approved under US President Donald Trump’s first term in the White Office. But in April 2021 TotalEnergies and its partners declared force majeure on the 10-million tonnes per annum project as the security situation deteriorated in the Cabo Delgado region where the liquefaction plant is to be sited.

The board of the U.S. Export-Import Bank has approved a nearly $5 billion loan for a long-stalled LNG project in Mozambique. ・U.S. Export-Import Bank approves nearly $5 billion loan for LNG project in Mozambique.