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Mozambican State Enjoys Better Terms as Coral North Gas Project Goes Ahead
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NGOs sue US EXIM bank over $4.7 bn Mozambique gas loan
Environmental groups have filed a lawsuit challenging a $4.7 billion loan by US credit export agency EXIM to TotalEnergies' stalled gas project in Mozambique, the nonprofits said Tuesday. Construction on the French fossil fuel giant's massive liquefied natural gas (LNG) project in...
TotalEnergys Project in Mozambique: An NGO contests US agency Admin FCE's USD 4.7-billion loan July 15, 2025 - 18:47 Friends of the Earth filed a lawsuit in Washington against the US export credit agency's $4.7-billion loan to TotalEnergy's giant gas project in Mozambique, announced on Tuesday this NGO bringing together several associations.In a press release accompanied by the complaint, the NGO believes that Exim Bank "precipitated the approva…
Mozambican state enjoys better terms as Coral North gas project goes ahead
The Mozambican government was able to extract “last-minute gains” from Italian energy company Eni as the latter prepared to start construction work on a second floating liquefied natural gas (LNG) platform, to extract gas off the coast of Cabo Delgado province.A consultant told Zitamar News that the “last-minute gains were only possible because of the excellent historical relations between Mozambique and Italy”. Eni chief executive Claudio Desca…
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