Mozambique LNG to Sound Out Banks; Offtake Deals Nearly Complete

15 May 2018: 

The Area 1 partners are preparing to hold meetings with commercial banks in May to gauge lender appetite for their 12.88-MMt/y Mozambique LNG project as offtake arrangements are nearly complete.

They will seek around $14 billion-$15 billion in debt for the Anadarko-led mega-project, the second liquefaction scheme in Mozambique to seek financing, after 3.4-MMt/y Eni-led Coral South FLNG reached financial close last year.

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