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US Exim Approves $4.7 Billion Loan for Total’s Mozambique LNG

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 US Export-Import Bank approved a $4.7 billion loan for TotalEnergies' Mozambique LNG project, the largest piece of financing for the project. The decision has faced criticism from environmental groups due to the project's force majeure status and the US government's cuts to health programs abroad. TotalEnergies CEO stated that over 40% of the project's contracts have been awarded to US companies.

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