TotalEnergies and partners increase equity in Mozambique LNG project

TotalEnergies and its partners in the Mozambique LNG project are set to provide additional equity to replace the previous funding from British and Dutch agencies, representing around 10% of the total external financing. This follows the withdrawal of Britain’s UK Export Finance (UKEF) and the Netherlands’ export credit agency Atradius, which together had supported the project with $2.2bn, reported Reuters. According to TotalEnergies, the liquefied natural gas (LNG) project received $15.4bn (€13.22bn) in ...