US Court Refuses to Block Trump-Era Loan for Mozambique LNG Project

The US Court of Appeals for the District of Columbia Circuit has refused to block a $4.7 billion loan from the Trump administration to finance a liquefied natural gas project in Mozambique.

The loan, which is the largest in the Export-Import Bank's history, was originally approved in 2019 and went to TotalEnergies' project to tap an estimated 65 trillion cubic feet of gas in the Cabo Delgado province.

However, the project faced delays due to attacks from the group Al-Shabab, and it wasn't until last year that the loan's terms were extended as Total planned to resume construction. The project is now around halfway complete, with CEO Patrick Pouyanné saying in July that it had restarted.