US approves $5 billion loan to TotalEnergies for Mozambique gas project By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2025
0mins
Source: Investing.com
U.S. Export-Import Bank Loan Approval: The U.S. Export-Import Bank has approved a nearly $5 billion loan for TotalEnergies' long-delayed LNG project in Mozambique, which had been stalled due to violence in the region since 2021.
Concerns from Environmental Groups: Environmental advocates argue that ongoing security risks and human rights violations associated with the project should have deterred financial support, highlighting the potential negative impacts on local communities and the environment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
