TOTAL Clears the Biggest Financial Hurdle to its Sprawling Moza LNG Project

The United States Export Import (EXIM) Bank has confirmed that it would go ahead and provide $4.7Billion loan for the…

The post TOTAL Clears the Biggest Financial Hurdle to its Sprawling Moza LNG Project first appeared on Africa’s premier report on the oil, gas and energy landscape.

Maputo, Mozambique – March 17, 2025 – TotalEnergies has cleared a significant financial hurdle for its massive LNG project in Mozambique, paving the way for the project’s continued development. The Africa Oil + Gas Report details how the company has secured the necessary financial backing to move forward.

Key Highlights:

• Financial Closure: TotalEnergies has successfully secured the financial closure for its Mozambique LNG project.
• Project Scale: The Moza LNG project is a sprawling undertaking, representing a substantial investment in Mozambique’s energy sector.
• Significance: Overcoming this financial hurdle is a crucial step forward for the project, allowing TotalEnergies to proceed with its ambitious plans.

Implications:

This development signifies a positive outlook for the Moza LNG project and its potential impact on Mozambique’s economy. The project is expected to contribute significantly to the country’s gas production and export capacity.