TotalEnergies expects within “weeks” to hear positive news from US Exim Bank about finalising $4.7 billion of finance for the company’s $20 billion Mozambique LNG project, according to chief executive Patrick Pouyanne.

TotalEnergies CEO Patrick Pouyanne said on Wednesday that financing from the United States for its $20 billion Mozambique LNG project is expected to be approved in coming weeks, with other credit agencies to follow in the months after.

TotalEnergies SE Chief Executive Officer Patrick Pouyanne said he expects the US Export-Import bank to finish approval of $4.7 billion in financing for its Mozambique liquefied natural gas project in a matter of weeks under President Donald Trump.

The UK government is seeking legal advice on whether it is still obligated to provide $1.15 billion in funding for the Mozambique LNG project, given the project's delays and the government's shift away from fossil fuel investments.

TotalEnergies chief executive was due to convene with Daniel Chapo shortly after early October election, but months of political violence forced a delay

Mozambique's President Daniel Chapo met with Patrick Pouyanne, the chief executive of TotalEnergies, on Monday to discuss several of the company's projects in the southern African country, including a long-delayed $20 billion liquefied natural gas development.