Total's Mozambique LNG Project gets $400 mln loan from African Development Bank

Total SA’s giant Mozambique gas project will get a $400 MILLION LOAN from the AFRICAN DEVELOPMENT BANK（ADB）, adding to its list of backers as the East African nation works to establish a fuel-export industry.  Bank joins global syndicate of backers for giant LNG venture, and FINANCIAL CLOSE is expected in the FIRST HALF of 2020, a final investment decision was announced in June, and PRODUCTION is expected by 2024. MOZAMBIQUE is set to become one of the LARGEST EXPORTERS of LNG.