Mozambique LNG Project Gains Momentum
The Mozambique LNG project is not just a major financial endeavor – it has broader implications for Africa''s energy landscape and could serve as a model for other LNG
The Mozambique LNG project in Cabo Delgado has received a significant boost with the US Export-Import Bank (Exim) approving a direct loan of up to $4.7 billion.
The United States Export Import (EXIM) Bank has confirmed that it would go ahead and provide $4.7Billion loan for the TOTAL operated Liquefied Natural Gas project in Mozambique. It is the largest and most consequential of all the loan guarantees for the 13Million Tonnes Per Year (13MMTPA) project, which has been halted since Islamic insurgents
The project has been on hold since 2021 due to force majeure and awaits loan reapproval from UK and Dutch export credit agencies. The Mozambique LNG project began in 2010 with a major natural gas discovery off the country's northern coast. Credit: phiI_berry/Shutterstock.
Download the Press Release Paris, December 2, 2025 – Further to the communications made by the UK and Dutch authorities regarding the involvement of their Export Credit Agencies, UK Export Finance (UKEF) and Atradius, in the financing of Mozambique LNG project, TotalEnergies wishes to clarify the following:
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