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Monday, May 21, 2018
The Anadarko Petroleum-led LNG project in Mozambique is looking to raise around $14-$15 billion from banks and export credit agencies to get the project off the ground, according to sources cited by Reuters.
The full amount would be the largest loan ever in the LNG sector.
According to the Reuters report, Societe Generale, the financial adviser on the $20 billion Mozambique LNG project, has already received interest for a combined $12 billion in cover and direct lending from export credit agencies (ECAs) in China, South Africa, Italy and Japan. The bank will launch a roadshow on May 21 to test demand among commercial banks.
So far Anadarko has agreed to commercial terms including volume and price for 5.1 mpta of LNG, closing in on the 8.5 mtpa target needed to trigger its FID on the project.
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