Mozambique: Government Approves Financing Structure for Coral Norte LNG Project

Maputo — Mozambican government has approved the Financing Structure for the Coral Norte Liquefied Natural Gas (LNG) Project, located in Area 4 of the Rovuma Basin, off the coast of the northern province of Cabo Delgado.

The project in question is operated by Mozambique Rovuma Venture (MRV), a joint venture owned by the American ExxonMobil, the Italian energy company ENI, and CNPC of China. It is also part of the venture Mozambique’s own National Hydrocarbon Company (ENH), Kogas of South Korea…