The US Exim Bank has re-approved a $4.7 billion loan for TotalEnergies to support the Mozambique LNG project in Cabo Delgado, critical for resuming the halted megaproject. This decision may also bolster the ExxonMobil-operated Rovuma LNG project nearby.
The United States Export-Import Bank has granted re-approval for a loan amounting to $4.7 billion to TotalEnergies for the Mozambique LNG project located in Cabo Delgado. This significant action marks a pivotal development aimed at resuming operations of the megaproject, which has been paused under force majeure for the past four years. Moreover, this re-approval will likely enhance prospects for the nearby Rovuma LNG initiative operated by ExxonMobil.
The re-approval of the $4.7 billion loan by the US Exim Bank represents an important milestone for the Mozambique LNG project, facilitating its restart after a prolonged hiatus. The decision is anticipated to have positive implications for related projects, particularly the ExxonMobil-led Rovuma LNG, which could benefit from renewed investor confidence and operational momentum in the region.
Original Source: www.africa-energy.com
