Following a years-long hiatus, a multibillion-dollar liquefied natural gas (LNG) project off the coast of Mozambique is shaking the rust off its development by getting back on track with a loan of nearly $5 billion secured from the newly appointed board of the Export-Import Bank of the United States (U.S. EXIM), hand-picked by the Trump administration.
France’s energy giant TotalEnergies put the Mozambique LNG project on ice and declared force majeure in April 2021 in the aftermath of insurgent attacks that occurred close to the construction camp. The company made the decision to halt the development after evaluating the security situation in the north of Cabo Delgado province. The move placed the development and start-up of the LNG project on hold.