The Mozambique government’s ongoing default on its international obligations may not jeopardise the financing of Anadarko’s $25 billion LNG project off the north of the country, a source working on the deal has said, despite such deals normally needing a strong sovereign guarantee to go ahead. [...]
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Eni has awarded major equipment contracts with two suppliers for its $8 billion Coral South floating LNG project.GE Oil & Gas will supply the project with subsea production systems, ancillary equipment and [...]
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Eni is planning a signing ceremony, which will be attended by President Filipe Nyusi, for financial close of its 3.3 mtpa Coral South FLNG project, in Maputo this week. Several sources told
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Mozambique’s Council of Ministers has approved the financing structure for the Coral South floating LNG project in the Rovuma Basin, as well as the direct financing agreement with the lenders.
“The value is four thousand and six hundred million US dollars. This approval will allow the start [...]
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