Total Reportedly Secures $14.4 Billion in Finance for Mozambique LNG Project

Source Reuters
Company TotalBharat Petroleum Corporation LimitedENHMitsui & Co., Ltd.Oil India LimitedONGCPTTPTT Exploration and Production (PTTEP) 
Tags Debt Financing, Financing, LNG & Gas Storage/Processing
Date May 20, 2020

(Reuters) Total has secured $14.4 billion funding for its Mozambique LNG project, two sources told Reuters on Wednesday.

A source with knowledge of the matter said Total has reached a financing agreement with a group that includes around 20 lenders for the first phase of senior debt funding of $14.4 billion. The source did not specify the name of the banks involved in the financial arrangement.

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