Mozambique: Us Export-Import Bank Hopes to Finance Mozambique LNG

Maputo — The Board of Directors of the Export-Import Bank of the United States (EXIM US) has voted to notify the US Congress of its consideration of a five billion dollar loan to support the export of US goods and services for the development of the liquefied natural gas (LNG) project on the Afungi Peninsula, in Palma district, in the northern Mozambican province of Cabo Delgado.

Congress has a 35 day period to consider the proposal, after which it may go before a final vote by the EXIM US Board. Members of the American public may also provide comments by 16 September.

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