Acabbe Villett

Main Menu

  • Home
  • Creeping inflation
  • Intermediate input
  • Market balance
  • Federal Housing Administration Loan
  • Finance Debt

Acabbe Villett

Header Banner

Acabbe Villett

  • Home
  • Creeping inflation
  • Intermediate input
  • Market balance
  • Federal Housing Administration Loan
  • Finance Debt
Finance Debt
Home›Finance Debt›JBIC signs loan agreement for the development of the LNG project in Mozambique

JBIC signs loan agreement for the development of the LNG project in Mozambique

By Mabel Underwood
March 9, 2021
60
0

the Japan Bank for International Cooperation (JBIC) signed a loan agreement for a maximum amount of $ 536 million with MITSUI & CO., LTD for the development of the LNG project in Mozambique. The loan is co-financed with private financial institutions, bringing the total amount of co-financing to the equivalent of US $ 894 million.

For this project, MITSUI and the Japan Oil, Gas and Metals National Corporation (JOGMEC), together with Total SA of France, Empresa Nacional de Hidrocarbonetos EP of Mozambique and others, will develop the Golfinho / Atum gas field in the part la northernmost of Mozambique. ; transport the feed gas through an undersea pipeline to the onshore liquefaction plant to be constructed; and produce and sell liquefied natural gas (LNG) with an annual production capacity of 13.12 million tonnes. In July 2020, JBIC signed a project finance loan agreement with MOZ LNG1 FINANCING COMPANY LTD, the project company for this project.

Loan for LNG project in Mozambique

The loan is intended to finance the development of the gas field and the LNG production of the project through MITSUI. Japanese utilities are expected to absorb around 30% of the LNG produced by this project. JBIC’s support for this project should therefore help ensure stable supplies of LNG, which is an important energy resource for Japan. JBIC will continue to actively support the development of energy resources by Japanese companies and help financially to secure a steady energy supply for Japan.

About the Japanese Bank for International Cooperation

JBIC is a Japanese policy-oriented financial institution that conducts lending, investment and guarantee operations while complementing private sector financial institutions.

If you have a remark or more information about this article, please let us know in the comments section below.

Related posts:

  1. Pupil Loans and Credit: How Does Tuition Debt Have an effect on Your Skill to Borrow?
  2. Mortgage Cease now gives quick time period installment loans for Colorado and Wyoming with the power to use on-line
  3. Get married in 2021? What it is best to know
  4. What’s the common credit score rating by state?

Recent Posts

  • Contagion only hits companies with ‘poor balance sheet management’ – Kraken Aus boss
  • What credit score do you need to buy a house?
  • Better operating conditions in July amid strong customer demand
  • DolEx and Barri announce their merger
  • Wagestream partners with fintech Blossom to offer employees a targeted return of 3% per year

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021

Categories

  • Creeping inflation
  • Federal Housing Administration Loan
  • Finance Debt
  • Intermediate input
  • Market balance
  • TERMS AND CONDITIONS
  • PRIVACY AND POLICY