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UK Withdraws $1.1 Billion Support for Mozambique LNG Project
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Why This Matters
The UK government has withdrawn a $1.1 billion loan guarantee for TotalEnergies' Mozambique LNG project due to increased risks, affecting the project's financing and potentially impacting the company's operations.
Market Impact
Market impact analysis based on bearish sentiment with 62% confidence.
Sentiment
Bearish
AI Confidence
62%
Article Context
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The UK government has decided to withdraw a $1.1-billion loan guarantee for TotalEnergies’ Mozambique LNG project as risks have increased and it is no longer in the interest of the UK or its taxpayer. UK Export Finance (UKEF), the UK government’s export credit agency, pledged in 2020 a $1.15-billion financing guarantee to the $20-billion Mozambique LNG project. “After a detailed review, the UK Government has decided to end UKEF’s participation in the project,” Peter Kyle, Secretary of State for Business and Trade,…
Original article published by
OilPrice.com
on December 1, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.