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Total announces the financing of the Mozambique LNG project

“This project – the first land development of a liquefied natural gas (LNG) plant in the country – includes the development of the Golfinho and Atum fields, located in the Offshore Area 1 concession, and the construction of two trains liquefaction with a total capacity of 13.1 million tonnes per year, “the group said in a press release.

“The project, which represents a total post-IDF investment of $ 20 billion, will be financed to the tune of 14.9 billion by direct loans and guaranteed loans granted by 8 export credit agencies, by 19 commercial banks and by the African Development Bank, “he said, adding that this is the largest project financing ever made in Africa.

(Nicolas Delame and Jean-Philippe Lefief)

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