Key Points
CAPE TOWN, Nov 17 (Reuters) - Banks and other financiers should withdraw their support of TotalEnergies' (TTEF.PA) $20 billion liquefied natural gas (LNG) terminal in Mozambique, environmental lobby groups urged in a letter sent to more than two dozen project funders on Friday...
The letter, seen by Reuters, comes at a crucial juncture for the French energy company as it prepares to relaunch Africa's largest foreign direct investment project...
Some $15 billion in financing is currently being reviewed as part of restarting procedures, a credit official with knowledge of current negotiations said.. South Africa's Export Credit Insurance Corporation planned to seek board approval early next year to support the project, acting CEO Ntshengedzeni Maphula told Reuters...
The U.S. Exim bank, which is guaranteeing $5 billion, said it was conducting due diligence on plans to resume construction.. "EXIM will review and evaluate any proposed changes to the terms of its approved financing of the Mozambique LNG project," Reta Jo Lewis, the bank's president told Reuters earlier this month...
