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US approves $5 billion loan to TotalEnergies for Mozambique gas project

Summary by insidepolitic.co.za
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 Export-Import Bank had previously agreed a $4.7 billion loan for the $20 billion project under President Donald Trump’s first administration, but it needed to be re-approved after construction on the project was frozen in 2…
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afroasianews.com broke the news in on Sunday, March 16, 2025.
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