PARIS, March 25 (Reuters) - Credit Agricole

said on Monday that it would not provide financing to two major

liquefied natural gas (LNG) projects, citing commitments to

refrain from new fossil fuel developments.

The French bank said it will not fund Exxon Mobil's ( XOM )

and Eni's Rovuma project in Mozambique, nor the Papua

LNG project which is backed by TotalEnergies, Santos

and Exxon Mobil ( XOM ).

Credit Agricole was the original financial adviser for the

Papua LNG and Rovuma LNG projects.

Exxon Mobil ( XOM ) and TotalEnergies were not immediately available

for comment.

"The decision to not finance the project is a serious blow

to the project and TotalEnergies, and it could undermine their

ability to finance the project," Lucie Pinson of Reclaim Finance

said of the Papua LNG export facility.

If another bank wants to step in and take over the role they

will need to start from the beginning, Pinson added.

"Credit Agricole must now show consistency, and stop

supporting the Mozambique LNG project that TotalEnergies is

currently seeking to relaunch," said Lorette Philippot, Private

Finance campaigner at Friends of the Earth France.