AfDB grants loan to Area 1 Mozambique LNG project
The African Development Bank Group has approved a long-term Senior Loan of US$400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, including a liquifaction facility in Mozambique.
The Mozambique LNG Area 1 Project comprises a global team of energy developers and operators, led by Total alongside Mitsui, Oil India, ONGC Videsh Limited, Bharat Petroleum, PTT Exploration, as well as Mozambique’s national oil and gas company ENH.
By its approval, the African Development Bank joins a global syndicate of commercial banks, development finance institutions, and export credit agencies, to jointly provide the requisite senior debt financing for the project. Financial close is expected within the first half of 2020.
Country updates
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October 11, 2019
Fluor, JGC and Technip to construct Rovuma liquefied natural gas (LNG) project in Cabo Delgado
A consortium of Fluor, JGC Corporation of Japan and TechnipFMC of France was awarded an engineering, procurement and construction contract by Mozambique Rovuma Venture S.p.A. (MRV) for its Mozambique...
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October 03, 2019
Total completes investment in Area 1 Mozambique LNG project
Total has closed the acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of US$3.9 billion. The closing comes after Total reached a binding agre...
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September 09, 2019
Kibo Energy, Vale sign PPA deal for Benga Power Plant Project
Kibo Energy has signed a power puchase agreement deal with Vale SA for the energy produced from the 300 MW Benga Power Plant Project. The deal represents a total of 37% of the energy produc...
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August 09, 2019
40 MW Mocuba solar PV project in Mozambique enters commercial operation
Scatec Solar and partners have grid connected and started commercial operation for the 40 MW Mocuba solar power plant in Mozambique. The 40 MW solar plant is located close to the city of Mocuba in th...
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June 20, 2019
Anadarko announces FID on Area 1 Mozambique LNG project
Anadarko Petroleum Corporation (APC) and the co-venturers in Mozambique's Offshore Area 1, have announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project. This offi...
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