The Mozambique liquefied natural gas project led by Total has begun a process to finalize $15 billion of financing.
The project, which will be the biggest private investment in Africa, could take days to complete the administrative processes. There are also plans to raise an additional $1 billion in the next 6 to 12 months. The project to ship super-chilled gas from Africa to markets around the world involved lenders including about 20 banks and has continued to move forward as planed even amid slumping LNG prices.
Source : Bloomberg
