Help Desk -
9958816305, 9810335381

Total Announces Signing of Mozambique LNG Project Financing

Gasoil News - Published on Tue, 28 Jul 2020

Image Source: Total Mozambique LNG Project
Total announces the signing of a USD 14.9 billion senior debt financing agreement for Mozambique LNG. This project is the country’s first onshore LNG development. It includes the development of the Golfinho and Atum natural gas fields located in Offshore Area 1 concession and the construction of a two-train liquefaction plant with a total capacity of 13.1 million tons per annum. Mozambique LNG represents a total post-FID investment of USD 20 billion. The project financing amounts to 14.9 B$, the biggest ever in Africa, and includes direct and covered loans from 8 Export Credit Agencies, 19 commercial bank facilities, and a loan from the African Development Bank.

The ECAs participating in the financing include Export Import Bank of the United-States, Japan Bank for International Corporation, Nippon Export and Investment Insurance, UK Export Finance, Servizi Assicurativi del Commercio Estero of Italy, Export Credit Insurance Corporation of South Africa, Atradius Dutch State Business, Export-Import Bank of Thailand.

Total E&P Mozambique Area 1 Limitada, a wholly owned subsidiary of Total SA, operates Mozambique LNG with a 26.5% participating interest alongside ENH Rovuma Área Um SA 15%, Mitsui E&P Mozambique Area1 Limited 20%, ONGC Videsh Rovuma Limited 10%, Beas Rovuma Energy Mozambique Limited 10%, BPRL Ventures Mozambique BV 10% and PTTEP Mozambique Area 1 Limited 8.5%.

Source :

Posted By : Yogender Pancholi on Tue, 28 Jul 2020
Related News from Gasoil segment