Mozambique: AfDB Signs Senior Loan for $20b Mozambique LNG

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…

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