The board of the U.S. Export-Import Bank approved a nearly $5B loan for TotalEnergies' long-delayed liquefied natural gas project in Mozambique.

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.

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 board of the U.S. Export-Import Bank has approved a nearly $5 billion loan for a long-stalled LNG project in Mozambique. ・U.S. Export-Import Bank approves nearly $5 billion loan for LNG project in Mozambique.