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Funding being lined up for the project:
http://www.kallanishenergy.com/2019/08/26/exim-proposes-5b-mozambique-lng-support/
The Export–Import Bank of the United States (Exim), the official export credit agency of the U.S. federal government, proposed last week a $5 billion loan to support U.S. exports related to the Mozambique LNG project.
The venture, led by U.S. oil and gas independent Anadarko Petroleum, envisages the production of liquefied natural gas from offshore Area 1, connected to two onshore LNG trains totalling 12.88 million tons per annum (Mtpa).
The $5 billion loan will be considered for a final vote by Exim’s board of directors, after a 35-day congressional notification period, Kallanish Energy learns.
DShox - yes major transformation for Mozambique and the companies associated with the LNG deal.
https://www.bloomberg.com/news/articles/2019-08-16/total-says-anadarko-s-mozambique-lng-project-is-a-perfect-fit
Total SA is committed to developing the Mozambique natural gas project that it will take over from Anadarko Petroleum Corp. as part of its expansion in Africa, the company said.
The project, to cost as much as $23 billion to develop, will be Africa’s biggest single investment, and Mozambique is counting on it to transform the economy. The southeastern country is one of the world’s poorest, and needs resources to adapt to extreme weather after two powerful cyclones in the same season this year.
Good post optimist..that pesky tumbleweed was starting to build up again.
I didnt know about that..do you know what percentage we have in that jv?
Shouldn't be too long now before we hear further news.
Not sure if everyone is aware that Comarco also have a JV base in Mozambique as well. Well placed to gain significant contracts:
https://www.comarcogroup.com/palmashore/about/
Palma Shore Services Lda is a fully registered, licensed and incorporated Mozambican company, set up and strategically positioned to play a leading role in providing services and solutions to the developing oil and gas sector in Mozambique.
PSS is the formalisation of a strategic partnership between Consolidated Oil and Gas Services (COGS) and Consolidated Marine Contractors (Comarco), incorporated to provide a specific focus on delivering a cargo logistics solution in Palma, Mozambique to any companies looking to deliver cargo and goods into the region.
COGS is a Mozambican based company that provides specialist services principally to the mining and oil and gas services industries in Mozambique in particular and to the Southern African region in general, offering localised knowledge and expertise in these industries.
Comarco is an East African based marine logistics company, providing general shipping services together with specialised marine logistics, beach landings and cargo handling solutions in Africa and further afield.
Through combining their resources, local knowledge and experience, Palma Shore Services will deliver bespoke solutions on a turn key basis to local challenges in the region.