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Mozambique LNG Project

Sector: LNG • Location: Afungi, Cabo Delgado, Mozambique

Source: Green Building Africa

Project
Delayed With Plans To Resume

The Mozambique LNG project is a large-scale liquefied natural gas development in Mozambique. It completed a US$15.4 billion financing package in 2020 with around 30 lenders, including export credit agencies from the UK and the Netherlands. The project faced delays due to an Islamist insurgency and an extended force majeure period. After the force majeure was lifted, the consortium decided to proce

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The project “Mozambique LNG Project” is an infrastructure initiative in the LNG sector, located in Afungi, Cabo Delgado, Mozambique. Taiyo aggregates data on it from Green Building Africa.

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Participants

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Status

Original status

delayed with plans to resume

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Description

Description

The Mozambique LNG project is a large-scale liquefied natural gas development in Mozambique. It completed a US$15.4 billion financing package in 2020 with around 30 lenders, including export credit agencies from the UK and the Netherlands. The project faced delays due to an Islamist insurgency and an extended force majeure period. After the force majeure was lifted, the consortium decided to proceed without UK Export Finance and the Dutch agency Atradius, with the remaining partners injecting additional equity to replace their combined contribution. The Mozambican government is pushing for the resumption of operations at the Afungi site and has ordered a detailed timetable for immediate implementation of work.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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