U.S. Ex-Im Bank Approves $4.7 Billion Loan for TotalEnergies' $20 Billion Mozambique LNG Project, Frozen Since 2021

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Updated Mar 14, 2025, 10:11 AM

The U.S. Export-Import Bank has approved a $4.7 billion loan for TotalEnergies' liquefied natural gas (LNG) project in Mozambique. This decision, made by the bank's board, represents a crucial element of the overall $20 billion financing for the project. The loan had been previously frozen since 2021, but the Trump administration's recent actions have enabled its release. The approval comes amid concerns that the Mozambique LNG project could undermine U.S. LNG initiatives and jeopardize long-term supply contracts with Japan and other Asian buyers.

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Sources

bloomberg.com(3)jp.reuters.com(2)ft.com foxbusiness.com

Bloomberg

@business

The US Export-Import Bank’s board approved a $4.7 billion loan that makes up the biggest piece of financing for TotalEnergies’ Mozambique LNG project https://t.co/UBReQM93eY

Giovanni Staunovo🛢

@staunovo

US swings behind TotalEnergies’ vast #Mozambique gas project Trump administration frees up $4.7bn loan to French company that was frozen since 2021 https://t.co/9RoVJak0UI

ロイター

@ReutersJapan

Alaska LNG Development “Good Offer” Specific Consideration Yet = Kyuden President https://t.co/BZXmPGwobF https://t.co/BZXmPGwobF