Bank to vote on $5 billion Mozambique LNG loan

The Export-Import Bank of the US (Exim) will make a decision next month about whether to loan $5 billion to the Mozambique Liquefied Natural Gas project, originally operated by Anadarko Petroleum but soon set to be controlled by French supermajor Total.

Late last week, Exim’s board voted to notify the US Congress of its consideration of the direct loan that will support the export of US goods and services from multiple states for the LNG project on the Afungi peninsula in Cabo Delgado province.