EXIM Statement on Mozambique LNG Project
WASHINGTON - Today the Export-Import Bank of the United States (EXIM) released the following statement regarding the Mozambique liquefied natural gas (LNG) project:
"Today Total SE, as operator of the Mozambique LNG project, informed the project's Concessionaire sponsors that it is currently unable to operate in the Afungi peninsula. Copies of that notice were provided to the export credit agencies and lending partners. EXIM staff is reviewing Total's announcement, and we will work with our fellow export credit agencies and lending partners to determine next steps in the coming weeks."
The Export-Import Bank of the United States (EXIM) is the nation's official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing, including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.