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Browsing: liquefied natural gas plant
The African Development Bank signed a senior loan of $400 million to co-finance the construction of Mozambique’s integrated Liquefied Natural Gas (LNG).
The Mozambique LNG Area 1 Project is ranked Africa’s single largest foreign direct investment to date estimated to cost over $20 billion. The project comprises of a global team of energy operators and developers led by ONGC Videsh Limited, Total alongside Mitsui, Bharat Petroleum, PTT Exploration, Oil India and ENH, Mozambique’s national oil and gas company.
The project includes both offshore and onshore components which will be covered by a combination of over $14 billion in senior debt facilities, equity and pre-completion cashflows. The senior debt facility consists of a mix of commercial bank loans, African development bank loan and Export Credit Agency (ECA) direct loans
LNG benefits from one of the world’s largest natural gas reserves off the coast of northern Mozambique. Its financial close is expected …