South Africa’s State-owned Development Bank of Southern Africa (DBSA) has confirmed financing of $120-million for the $20-billion-plus liquefied natural gas (LNG) project being developed by a Total-led consortium in northern Mozambique. On July 17, Total announced the signing of a $14.9-billion senior debt financing agreement for Mozambique LNG, revealing that the financing had been secured from eight export credit agencies, 19 commercial banks and development finance institutions.
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