U.S. Loan Could Improve Mozambique’s LNG Prospects

Fitch Ratings-London/Hong Kong-20 March 2025: The Export-Import Bank of the United States’ (EXIM) reported approval of a USD4.7 billion loan for TotalEnergies’ liquified natural gas (LNG) venture in Mozambique, if confirmed, will improve prospects for the resumption of the huge project, which could have multiple positive benefits for Mozambique over the medium term, says Fitch Ratings. However, we believe insecurity will continue to pose significant risks to completion of the development.