This is a significant support that the Trump administration provides to the Totalnergies French giant. The American Export Credit Agency (The US Export-Import Bank, Exim) again approved on Thursday March 13, a loan of $ 4.7 billion (4.3 billion euros) to the multinational petro-gazière within the framework of the Mozambic LNG project, according to information from Financial Times,, Then de Bloomberg. Contacted, Totalnergies has not denied the information.
Such funding would facilitate the restart of this very controversial project which aims to exploit reserves of liquefied natural gas (LNG) in the north of Mozambique, in East Africa. The American administration had already approved this loan for the first time in 2020, at the end of Donald Trump’s first term to the President of the United States. But he had been frozen in 2021, after a jihadist attack that occurred a few kilometers from the industrial site.
Despite the continued violence in the region and political instability linked to the suspicions of manipulation of the results of the presidential election of October 2024, the French group, operator and main shareholder of Mozambique LNG (26.5 %, alongside Mozambican and Asian shareholders), still hopes to mobilize loans and other financial guarantees to revive operations. In 2020, 31 public or private financial institutions had signed loan agreements for an amount close to $ 15 billion. Totalnergies does not specify what part of this amount would today be confirmed.
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