The U.S. Exim Bank has re-approved a $4.7 billion loan to TotalEnergies for the Mozambique LNG project in Cabo Delgado, marking a key step toward resuming the project after four years of force majeure. This decision may also benefit the neighboring ExxonMobil-operated Rovuma LNG project.
The United States Export-Import Bank has renewed its approval for a substantial loan of $4.7 billion to TotalEnergies for the Mozambique LNG initiative based in Cabo Delgado. This re-approval marks a significant advancement towards the resumption of the large-scale project, which has experienced a state of force majeure for the past four years. Additionally, this decision is expected to provide a boost to the adjacent ExxonMobil-operated Rovuma LNG project.
The re-approval of the $4.7 billion loan by the U.S. Exim Bank signifies a critical development in the Mozambique LNG project after an extended period of inactivity. This move not only aids TotalEnergies in progressing with its plans but is also likely to positively influence the adjacent Rovuma LNG project operated by ExxonMobil.
Original Source: www.africa-energy.com
