TotalEnergies expects US Exim Bank to approve Mozambique LNG loan within ‘weeks’

Upstream, London, 7 February 2025) TotalEnergies anticipates the US Export-Import Bank will approve a $4.7 billion loan for its Mozambique LNG project within weeks. The approval would significantly support the project’s financing, as TotalEnergies moves forward with plans to develop the massive gas reserves in Mozambique. The deal comes as the UK’s export credit agency waivers are set to finalize.