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Mozambique: AfDB funding for LNG scheme

The African Development Bank (AfDB) board on 26 November approved a long-term senior loan of $400m to support the Total-led Mozambique LNG project, which will monetise gas from Offshore Area 1. The AfDB said it was joining a global syndicate of commercial banks, development finance institutions and export credit agencies in providing debt financing for the project, which will have a production capacity of 12.88m t/yr.

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