UK Considers Withdrawing $1-Billion Financing for Mozambique LNG ...Middle East

OILPRICE - Economy
UK Considers Withdrawing $1-Billion Financing for Mozambique LNG
source : OILPRICE ( Middle East ) () 78
The UK government is seeking legal advice on whether a 2020 commitment to finance the $20-billion Mozambique LNG project with $1.15 billion is still binding, the Financial Times reported on Tuesday, citing sources familiar with the matter. Back in June 2020, government agency UK Export Finance (UKEF) made the decision to provide up to $1.15 billion worth of direct loans and credit guarantees to UK firms involved in the project, as part of its remit to support UK exports. The $20-billion LNG export project in Mozambique led by TotalEnergies was…

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