EXIM Mozambique Support
EXIM Reaffirms Support for Mozambique LNG Project (Hydrocarbon Eng.)
Nicholas Woodroof (July 22): EXIM) has reaffirmed its continuing support for Mozambique LNG by initiating the process of providing $4.7 billion in financing that will support an estimated 16,700 U.S. jobs over the five-year construction period. EXIM Chief Banking Officer Stephen Renna recently signed initial documents relating to a board-authorized direct loan that would support U.S. exports for the LNG project located on the Afungi Peninsula in northern Mozambique. EXIM’s action came as other organizations, which also intend to lend to the project, moved ahead with their financing plans.