US okays $5bn for gas project in Mozambique

lngtanks

An aerial view of large liquefied natural gas storage tanks.

Photo credit: Shutterstock

The US Export-Import Bank (Exim) has approved support for a gas project in Mozambique, even as watchdogs posed questions on associated human rights violations.

The nod by US export credit agency now gives a lifeline to the long-delayed Mozambique liquefied natural gas (LNG) project, owned and operated by the French multinational oil company, TotalEnergies.