The African Energy Chamber (AEC) Thanks Trump Administration for Supporting Mozambique Liquefied Natural Gas (LNG) Project After Export-Import Bank of the United States (EXIM) Re-Authorizes $4.7B Loan
African Energy Room (AEC) (AEC) (https://energychamber.orgAs the voice of the African energy sector, a sincere understanding of the Trump administration’s firm support in advancing the LNG project in Mozambique, a comprehensive monumental initiative. The U.S. Export International Bank has approved a $4.7 billion loan for the project, a decision that provides a much-needed boost to one of the continent’s most important energy investments.
The re-authorization of this funding marks the continued development of Mozambique’s natural gas resources, which has the potential to transform the country’s economy and consolidate Africa’s position in the global energy market. The approval was originally awarded during the first term of the Trump administration, marking a key shift in U.S. policy that recognizes the importance of U.S. leaders in promoting energy security and economic development in Africa.
Due to the safety concerns of the CABO DELGADO province, the project has been started since 2021, so it can now continue due to the resupport of a new reserve project for the Mozambique LNG project from the United States, one of the largest LNG investments in Africa, which represents the final investment decision of Landmark in 2019, rather than achieving a tough effort in 2019, but it can not only promote the inspiration of Mozambiics, but also promote the community of Mozambiics, rather than stimulating the potential of Mozambiics. demand in Asian and other international markets. The project targets approximately 65 trillion cubic feet of recyclable natural gas, with a planned capacity of 13 MTPA and a maximum expansion capacity of 43 MTPA, playing a crucial role in the global transition to a more sustainable energy source.
The decision to approve the funding will also support the work in the U.S., as U.S. subcontractors are expected to receive 30% of the contract value, further strengthening the economic ties between the U.S. and Africa. The partnership demonstrates the value of U.S. investment in natural gas and energy development in Africa, highlighting a shared commitment to global energy security.
This development underscores the Trump administration’s recognition of the crucial role of energy investment in promoting African economic growth, security and stability. By supporting the LNG project in Mozambique, the government has strengthened its commitment to strengthening the U.S. presence in the region while promoting a more diverse global energy portfolio. The decision also sets a huge precedent for future energy projects in Africa, signaling international stakeholders that the United States remains a reliable partner in promoting sustainable development. The Mozambique LNG project is not only key to unlocking economic potential, but it can also serve as a model for future U.S.-backed programs that focus on energy infrastructure across the continent, creating jobs and sustainable growth.
“The AEC encourages ongoing collaboration between governments, investors and development partners to ensure successful delivery of Mozambique LNG projects and similar businesses in Africa,” said NJ Ayuk, Executive Chairman of the African Energy Office, adding: “The support of the U.S. government, along with efforts to fully work and other key stocks, and driving the transformation of Africa, is crucial to drive more diverse and more diverse futures and diversified futures for Africa’s transition,’’’’
Looking ahead, it is crucial for other international partners to reaffirm their commitment to the LNG project in Mozambique and help ensure that it remains on track to reach its full potential. The development of natural gas reserves in Mozambique is not only an investment in energy, but also an investment in the future of Africa. This vision will become a reality with the ongoing support of U.S. and global partners.
Distributed by Apo Group on behalf of the African Energy Room.
