OTCPK:TTFNF - Post by User
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EastAfricaGuyon Jul 20, 2020 8:33am
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Total Announces the Signing of Mozambique Project Financing
Total Announces the Signing of Mozambique Project Financing"Notably missing is FNB SA alleged financing to the tune of $15.8B" Total has announced the signing of a 14.9 B$ senior debt financing agreement for Mozambique LNG 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 20 B$. The project financing amounts to 14.9 B$, the biggest ever in Africa, and includes direct and covered loans from 8 Export Credit Agencies (ECAs), 19 commercial bank facilities, and a loan from the African Development Bank.
oilnewskenya.com/total-announce……roject-financing/