US Exim withdraws from $17bn Rovuma LNG project

In:

Oil & gas

Region:

Middle East & Africa

By Aife Howse

US Exim has backed out of the $17 billion Rovuma LNG project financing in Mozambique. The US ECA had pledged a $2-$3 billion debt package to the Exxonmobil-led project, although now its cover has been officially withdrawn, the financing has been delayed as a result.A source close to the deal tells...

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