AEC thanks Trump for supporting Mozambique LNG Project after US EXIM Bank re-authorizes $4.7B Loan

Strengthening Economic Ties between the U.S. and Africa
The African Energy Chamber (AEC) has publicly expressed its gratitude to the Trump administration for its steadfast support of the Mozambique Liquefied Natural Gas (LNG) Project, a landmark initiative led by TotalEnergies. This significant project, aimed at harnessing the vast natural gas resources in Mozambique, has garnered renewed backing following the re-authorization of a crucial $4.7 billion loan by the U.S. Export-Import Bank (EXIM). The decision to approve this loan reflects the Trump administration’s ongoing commitment to strengthening economic and energy ties between the U.S. and Africa.

A Vital Project for Mozambique’s Economic Transformation
The Mozambique LNG project, which has been in development for years, is poised to reshape the country’s energy landscape and provide a robust source of revenue for the nation. With an estimated 65 trillion cubic feet of recoverable natural gas, the project is positioned to become one of the largest LNG developments in Africa, with a planned production capacity of 13 million tons per annum (MTPA) and potential expansion up to 43 MTPA.

The re-authorization of the $4.7 billion loan is a critical step in moving the project forward, especially as it had been put on hold since 2021 due to security concerns in Mozambique’s Cabo Delgado province. With this renewed support, the project can now proceed, signaling optimism for the future of Mozambique’s natural gas sector and the broader African energy market.

A Symbol of U.S. Leadership in African Energy Security
The U.S. government’s backing of the Mozambique LNG project highlights its recognition of the crucial role energy investments play in fostering economic stability and security in Africa. The loan approval initially granted during the Trump administration’s first term has now been reinstated, marking a strong reaffirmation of U.S. leadership in global energy markets.

Beyond the economic impact on Mozambique, this investment is also expected to benefit the U.S. economy. American subcontractors are slated to receive up to 30% of the contract value, fostering job creation in the U.S. and reinforcing the economic ties between the two regions. The Mozambique LNG project not only promises to meet the growing energy needs of international markets, particularly in Asia, but also plays a vital role in advancing the global transition toward more sustainable energy sources.

AEC Applauds Continued Collaboration for Energy Development in Africa
The AEC, as the leading voice of Africa’s energy sector, has urged continued collaboration between governments, investors, and development partners to ensure the success of the Mozambique LNG project. NJ Ayuk, Executive Chairman of the African Energy Chamber, emphasized the importance of the U.S. government’s ongoing support, alongside the efforts of TotalEnergies and other key stakeholders. Ayuk highlighted that this collaboration is essential for advancing Africa’s transition to a diversified and sustainable energy future.

“The support of the U.S. government, along with the efforts of TotalEnergies and other key stakeholders, is essential in driving Africa’s transition to a more diversified and sustainable energy future,” said Ayuk. He also stressed that projects like the Mozambique LNG initiative are not just investments in energy but investments in Africa’s broader economic future.

Global Investment Crucial for Realizing Mozambique’s Energy Potential
Looking forward, the AEC calls on other international partners to reaffirm their commitment to the Mozambique LNG project. Ensuring that the project stays on track will require sustained collaboration and financial backing. The development of Mozambique’s vast natural gas reserves is not only a significant opportunity for the country but also a model for future energy projects across Africa. The successful completion of the Mozambique LNG project will serve as a blueprint for future U.S.-backed energy initiatives across the continent, creating jobs, advancing sustainable energy solutions, and contributing to global energy security.

With continued international support, the Mozambique LNG project is poised to be a key driver of economic growth and energy development in Africa, positioning the continent as a major player in the global energy market for years to come.