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Tag: CABO DELGADO

Companies

TotalEnergies Nears Completion of $15 Billion Financing for Mozambique LNG Project

March 19, 2025March 19, 2025 - by Liam Nguyen - Leave a Comment

TotalEnergies is nearing completion of $15 billion financing for the Cabo Delgado LNG project, following Exim Bank’s support. The project, halted due to security threats since 2021, faces operational delays, …

TotalEnergies Nears Completion of $15 Billion Financing for Mozambique LNG Project Read More
Climate change

Devastating Impact of Cyclone Jude in Mozambique: 16 Lives Lost and 302,000 Affected

March 17, 2025March 17, 2025 - by Allegra Nguyen - Leave a Comment

Cyclone Jude has claimed 16 lives and impacted over 302,000 individuals in Mozambique. The cyclone caused widespread destruction, affecting homes, schools, health facilities, and agricultural land. Mozambique is facing ongoing …

Devastating Impact of Cyclone Jude in Mozambique: 16 Lives Lost and 302,000 Affected Read More
Companies

US Exim Bank Re-approves $4.7 Billion Loan for Mozambique LNG Project

March 14, 2025March 14, 2025 - by Liam Nguyen - Leave a Comment

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 …

US Exim Bank Re-approves $4.7 Billion Loan for Mozambique LNG Project Read More
Companies

U.S. Grants $4.7 Billion Loan for Controversial Mozambique Gas Project

March 14, 2025March 14, 2025 - by Sofia Nawab - Leave a Comment

The U.S. has approved a $4.7 billion loan for a Mozambique gas plant operation by TotalEnergies, despite allegations of human rights abuses and environmental concerns. This funding supports a significant …

U.S. Grants $4.7 Billion Loan for Controversial Mozambique Gas Project Read More
Companies

US Approves $4.7 Billion Loan for Controversial Mozambique Gas Project

March 14, 2025March 14, 2025 - by Sofia Nawab - Leave a Comment

The United States will provide a $4.7 billion loan to TotalEnergies for a controversial LNG project in Mozambique, despite its designation as a “carbon bomb” and ongoing human rights abuse …

US Approves $4.7 Billion Loan for Controversial Mozambique Gas Project Read More
Companies

AEC Expresses Gratitude to Trump Administration for Mozambique LNG Project Support

March 14, 2025March 14, 2025 - by Allegra Nguyen - Leave a Comment

The African Energy Chamber acknowledges the Trump administration’s support for the Mozambique LNG project with a $4.7 billion loan from the U.S. Export-Import Bank. This funding revitalizes a transformative energy …

AEC Expresses Gratitude to Trump Administration for Mozambique LNG Project Support Read More
economics

Mozambique’s Dollar Bond Increases Following U.S. LNG Loan Approval

March 14, 2025March 14, 2025 - by Liam Nguyen - Leave a Comment

Mozambique’s dollar bond rose over 2 cents after the U.S. cleared a $5 billion LNG loan, deemed vital for the country’s economy. This increase reflects investor confidence amid economic stress …

Mozambique’s Dollar Bond Increases Following U.S. LNG Loan Approval Read More
Companies

US Approves $5 Billion Loan to TotalEnergies for Mozambique Gas Project

March 14, 2025March 14, 2025 - by Marcus Chen - Leave a Comment

The U.S. Export-Import Bank has approved a $5 billion loan to TotalEnergies for a delayed LNG project in Mozambique, which had been stalled due to violence in the Cabo Delgado …

US Approves $5 Billion Loan to TotalEnergies for Mozambique Gas Project Read More
Companies

U.S. Approves Nearly $5 Billion Loan for TotalEnergies’ Mozambique LNG Project

March 13, 2025March 13, 2025 - by Marcus Chen - Leave a Comment

The U.S. government has approved nearly $5 billion in funding for TotalEnergies’ LNG project in Mozambique, with a loan of $4.7 billion reapproved by the Export-Import Bank. The company needs …

U.S. Approves Nearly $5 Billion Loan for TotalEnergies’ Mozambique LNG Project Read More
Climate change

Tropical Cyclone Jude Strikes Southern Africa: Impact on Malawi and Mozambique

March 13, 2025March 13, 2025 - by Marcus Chen - Leave a Comment

Tropical Cyclone Jude has severely impacted Malawi and Mozambique, causing widespread damage but no fatalities. Over 11,000 people were affected, with many displaced. Relief efforts are ongoing despite challenges due …

Tropical Cyclone Jude Strikes Southern Africa: Impact on Malawi and Mozambique Read More

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