Total secures $14.4 billion funding for Mozambique LNG

More Foreign Direct Investment is going into Mozambique. Total has secured $14.4 billion financing for its liquefied natural gas project in Mozambique.

Sources close to the transaction say about 20 institutions funded this first phase but details of the lenders are yet to be disclosed.

Bloomberg reported earlier in the week that Total will be signing a $15 billion financing for the project in June.

Last year , Total concluded the acquisition of Anadarko Petroleum’s 26.5% interest in the Mozambique LNG project for $ 3.9 billion and is expected to begin production in 2024.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.
Your Friends Also Read:  Africa Will Get 220 Million Doses Of Covid-19 Vaccine - WHO



Leave a Reply

Previous Article

"I reject these results", Burundi opposition leader kicks over early losses

Next Article

World Bank grants Africa, Asia $500 million to battle locust invasion.

Related Posts