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.

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