Energy

TotalEnergies’ Mozambique LNG Poised for Decision on $4.7 Billion US Loan

Patrick Pouyanné, CEO of TotalEnergies talks about impact of tariffs and the company’s investments in the US with Bloomberg’s Alix Steel at CERAWeek in Houston.Source: Bloomberg

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By Paul Burkhardt, Matthew Hill, and Alix Steel

March 12, 2025 at 8:45 AM UTC

This article is for subscribers only.

TotalEnergies SE’s $20 billion liquefied natural gas facility in Mozambique is poised for a decision on Thursday over key financing by the US Export-Import Bank.

Construction of the Mozambique LNG project halted four years ago due to Islamic State-linked militant attacks nearby. US Exim had initially agreed to the $4.7 billion loan in 2019 during the first term of President Donald Trump, and fresh approvals are necessary after such a long delay.