Ex-Im revives $4.7 billion LNG pipeline loan stalled since 2021

The U.S. Export-Import Bank is opening the door for resumed work on a liquefied natural gas pipeline in Mozambique that Ex-Im first financed through a $4.7 billion loan in 2019, after the developer abandoned it in 2021 following Islamic State attacks in the area -- underlining the Trump administration’s focus on expanding U.S. fossil fuel companies’ exports and overseas development. According to a March 19 statement , the bank’s board of directors -- including two acting officials newly appointed by...