14 March 2025 | Gas

TotalEnergies gets $5 billion loan for gas project in Mozambique approved

TotalEnergies gets $5 billion loan for gas project in Mozambique approved

The US Export-Import Bank has given the green light for a $5 billion loan on a liquefied natural gas (LNG) project in Mozambique being developed by French TotalEnergies. The initial financing of $4.7 billion was approved during the first administration of Donald Trump. Nonetheless, it had to be re-validated after the construction was halted in 2021 due to public unrest in Cabo Delgado.

TotalEnergies CEO Patrick Pouyanne is seeking support from other groups, like the British and Dutch export credit agencies. The company is waiting for its loan to be reapproved before it can resume work on the project.

TotalEnergies holds a 26.5% stake in the Mozambique gas field. This project is likely to make the southern African country a major LNG producer. Due to a better security environment, Mitsui, one of the partners, revealed its plans to resume construction after holding extensive discussions with contractors.

Period: 24.08.2026 Expectation: 700 pips
Invest in AUDCAD up to 0.99000
Yesterday at 10:23 AM 24
Period: 31.07.2026 Expectation: 1700 pips
GBPUSD might keep falling towards lower boundary of descending triangle
Yesterday at 09:46 AM 26
Period: 24.08.2026 Expectation: 4200 pips
Buying USDCAD ahead of Fed meeting
Yesterday at 09:43 AM 23
Period: 31.08.2026 Expectation: 200 pips
Invest in EURUSD with 1.1400 in sight
Yesterday at 07:04 AM 15
Period: 31.07.2026 Expectation: 755 pips
Brent crude is trading at multi‑month peaks
Yesterday at 06:36 AM 31
Gold buy
Period: 23.08.2026 Expectation: 300 pips
Buying gold up to $4,400
23 July 2026 68
Go to forecasts