July 18, 2020
Source: Reuters

Total secures financing for Mozambique LNG venture

Mozambique LNG is one of several projects being developed in the country’s northern most province of Cabo Delgado after one of the biggest gas finds in a decade off its coast. Together, the projects are worth some $60 billion. The project includes direct/covered loans from eight credit agencies , 19 commercial banks, and a loan from the African Development Bank. Sealing the Total project financing is a win for Mozambique’s government as it tackles security challenges.

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