2020-06-23 14:15:00
MOZAMBIQUE LNG GUARANTEE $2 BLN
ENERDATA - 23 Jun 2020 - The government of Mozambique has offered a US$2.25bn state guarantee to the US$20bn Mozambique LNG project in lieu of an immediate equity contribution from the state-owned National Hydrocarbon Company (ENH). In May 2020, the Export-Import Bank of the United States amended and reduced by US$300m its previously approved US$5bn loan to support the export of US good and services related to the development the Mozambique LNG project. With this amendment, the US Exim Bank's financing, now of US$4.7bn, will also cover the offshore scope of the project related to the development of the Golfinho/Atum gas fields which will supply the LNG plant.
The project is owned by Total (26.5%, stake acquired from Anadarko in October 2019), Mitsui (20%), ENH (15%), Beas Rovuma Energy Mozambique (10%), OVL (10%), BPRL Ventures Mozambique (10%), and PTTEP (8.5%). The project is the first LNG development in Mozambique and includes the construction of two liquefaction trains with a combined capacity of 12.88 Mt/year, with commercial operations expected to start by 2024.
-----
Earlier:
2019, November, 20, 11:40:00
UAE, MOZAMBIQUE OPPORTUNITIES
"Mozambique represents an increasingly important trading partner for Dubai and the UAE and this was an important platform to discuss how we can take our business relations to the next level," said Al Ghurair.
|
2019, October, 28, 13:40:00
MOZAMBIQUE'S GAS PROJECTS
With a second FID in just 2 years, Mozambique has officially positioned itself as a key player in the global gas and LNG market for years to come.
|
2019, August, 23, 10:40:00
ROSNEFT IN MOZAMBIQUE
Rosneft Oil Company and the National Petroleum Institute (Instituto Nacional de Petróleo, INP) have signed a Cooperation Agreement. The document was signed by Chief Executive Officer of Rosneft Oil Company Igor Sechin and Chairman of INP Carlos Zacarias. In addition, Rosneft has signed a Memorandum on Expansion of cooperation in Mozambique with the National Hydrocarbon Company (Empresa Nacional de Hidrocarbonetos, ENH).
|
