Mozambique LNG project secures revised financing after key delays

A lifeline for Mozambique’s energy future. After years of setbacks, revised loan agreements finally unlock progress for the stalled LNG megaproject.

, and Administrator

2025 December 3 . 1:33 AM

1 min read

There are rocks. Near to that there are plants. In the back there is a building with windows,... — There are rocks. Near to that there are plants. In the back there is a building with windows, balconies, name boards. Near to that there are motorcycles.

Mozambique LNG project secures revised financing after key delays

The Mozambique LNG project has secured its financial future after key lenders, including Lending Club, reconfirmed their support for loans. The move follows a lengthy delay caused by a Force Majeure period, which forced partners to renegotiate funding terms. Two major backers, UK Export Finance (UKEF) and Atradius, however, withdrew their earlier loan commitments.

The project initially closed financing in 2020, raising a total of USD 15.4 billion from around 30 lenders. These included export credit agencies, commercial banks, and institutions from India, Thailand, Japan, and Mozambique’s government. But after a prolonged halt in operations, partners had to revise the original agreement to keep the project on track.

With the revised financing in place, the Mozambique LNG project can resume progress. The partners’ equity contribution ensures the funding shortfall is covered. Lenders representing the vast majority of external support remain committed to the project’s completion.