AEC thanks the Trump administration for supporting the Mozambique LNG project. The U.S. Export-Import Bank’s $4.7 billion loan boosts this major TotalEnergies-led initiative, set to transform Africa’s energy landscape.
The reauthorization of U.S. funding marks a key step in developing Mozambique’s natural gas resources, boosting its economy and Africa’s global energy role. Initially approved under the Trump administration, the $4.7 billion U.S. Export-Import Bank loan revives the stalled Mozambique LNG project, a $20 billion investment targeting 65 trillion cubic feet of gas.
With a planned 13 MTPA capacity, expandable to 43 MTPA, it supports global energy demand and sustainability. The project also benefits U.S. subcontractors, reinforcing economic ties between the U.S. and Africa while advancing global energy security.The Trump administration’s support for the Mozambique LNG project highlights the importance of energy investments in Africa’s economic growth and stability. This backing strengthens U.S. influence, promotes a diversified global energy mix, and sets a precedent for future projects.
The initiative serves as a model for U.S.-backed energy infrastructure, job creation, and sustainable development. AEC Chairman NJ Ayuk urges continued collaboration among governments, investors, and stakeholders to ensure the project’s success and advance Africa’s energy transition.International partners must support the Mozambique LNG project to unlock its full potential. Investing in its gas reserves secures Africa’s future with U.S. and global backing.
