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.

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.

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

TotalEnergies SE Chief Executive Officer Patrick Pouyanne discussed the resumption of a key liquefied natural gas project in Mozambique, according to the African nation’s new president.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’What Happened to Hanging Out on the Street?