The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies.

US President Donald Trump’s administration has unlocked almost $5bn in funding for a liquefied natural gas project by France’s TotalEnergies in Mozambique, potentially restarting work on one of Africa’s largest energy investments.

The project has been on hold since 2021 due to force majeure and awaits loan reapproval from UK and Dutch export credit agencies.

The US Export Credit Agency has approved a loan of nearly $5 billion for Mozambique LNG, something which had been refused under the Biden administration.

The U.S. Export-Import Bank has reauthorized a $4.7 billion loan for TotalEnergies' Mozambique liquefied natural gas (LNG) project, initially approved during the Trump administration but delayed due to security concerns in the Cabo Delgado region.

The US export credit agency has unlocked key funding for TotalEnergies' Mozambique massive gas project - halted after militant attacks

The US Export-Import Bank’s board approved a $4.7 billion loan that makes up the biggest piece of financing for TotalEnergies SE’s Mozambique LNG project, according to people with knowledge of the matter.

The Trump administration has released almost $5 billion in funding for a liquefied natural gas (LNG) project by France's TotalEnergies in Mozambique , the Financial Times reported on Thursday. The U.S.