{"id":15386,"date":"2025-12-03T11:57:23","date_gmt":"2025-12-03T11:57:23","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=15386"},"modified":"2025-12-03T11:57:25","modified_gmt":"2025-12-03T11:57:25","slug":"mozambiue-mozambique-lng-partners-unanimously-agree-to-provide-additional-equity-to-the-project","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/mozambiue-mozambique-lng-partners-unanimously-agree-to-provide-additional-equity-to-the-project\/","title":{"rendered":"MOZAMBIUE: Mozambique LNG Partners Unanimously Agree to Provide Additional Equity to the Project"},"content":{"rendered":"\n

The Mozambique LNG partners have unanimously agreed to inject additional equity capital to replace the positions formerly expected to be held by UKEF and Atradius. This contribution will cover approximately 10% of the total external financing, ensuring continuity and momentum for project advancement.<\/p>\n\n\n\n

This follows the withdrawal of participation by UKEF and Atradius upon the lifting of Force Majeure and the partners\u2019 collective decision to resume work in alignment with the revised execution schedule. Recently the UK and Dutch authorities withdrew a combined $2.2 billion in support after both hired firms to probe human rights concerns surrounding the development.<\/p>\n\n\n\n

TotalEnergies and its consortium partners have extended their appreciation to the lenders representing around 90% of the external financing who have reaffirmed their commitment an endorsement of the project\u2019s strategic significance and developmental value for Mozambique.<\/p>\n\n\n\n

\u201cTotalEnergies has taken note of the reports commissioned by the Ministry of Finance of the Netherlands from external advisors Clingendael and Pangea Risk regarding the human rights and security situation in Cabo Delgado, which were published on 1st December despite the fact that Atradius is no longer part of the financing.<\/em><\/p>\n\n\n\n

TotalEnergies regrets that both external advisors did not travel to Mozambique and conduct on-the-ground investigations by themselves, but produced a report relying mainly on information collected through third parties,\u201d<\/em> TotalEnergies said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Mozambique LNG partners have unanimously agreed to inject additional equity capital to replace the positions formerly expected to be held by UKEF and Atradius. This contribution will cover approximately … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":15387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[12237,5777,12235,1636,9105,12236,9339,7907],"class_list":["post-15386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-atradius","tag-cabo-delgado","tag-clingendael","tag-mozambique","tag-mozambique-lng","tag-pangea-risk","tag-totalenergies","tag-ukef","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/Mozambique-LNG.jpeg?fit=228%2C222&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-40a","jetpack-related-posts":[{"id":8620,"url":"https:\/\/www.oilnewskenya.com\/index.php\/total-announces-the-signing-of-mozambique-lng-project-financing\/","url_meta":{"origin":15386,"position":0},"title":"Total Announces the Signing of Mozambique LNG Project Financing","author":"","date":"July 20, 2020","format":false,"excerpt":"Total has announced the signing of a 14.9 B$ senior debt financing agreement for Mozambique LNG the country\u2019s first onshore LNG development. It includes the development of the Golfinho and Atum natural gas fields located in Offshore Area 1 concession and the construction of a two-train liquefaction plant with a\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/Mozambique-Area-4.jpg?fit=500%2C372&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11333,"url":"https:\/\/www.oilnewskenya.com\/index.php\/friends-of-the-earth-initiate-suit-against-britain-over-mozambique-lng-project-financing\/","url_meta":{"origin":15386,"position":1},"title":"Friends of the Earth Initiate Suit Against Britain over Mozambique LNG Project Financing","author":"","date":"December 8, 2021","format":false,"excerpt":"Environmental lobby group Friends of the Earth has taken Britain to the London High Court to challenge approval for government funding in Mozambique LNG project which it argues goes against the country's compliance with the Paris Agreement according to Reuters. In its prayers the lobby wants the court to overturn\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Friends-of-the-Earth-Mozambique-LNG.jpg?fit=860%2C573&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Friends-of-the-Earth-Mozambique-LNG.jpg?fit=860%2C573&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Friends-of-the-Earth-Mozambique-LNG.jpg?fit=860%2C573&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Friends-of-the-Earth-Mozambique-LNG.jpg?fit=860%2C573&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9178,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-lng-project-could-be-transformational-for-mozambique-if-western-environmentalists-dont-interfere\/","url_meta":{"origin":15386,"position":2},"title":"Mozambique LNG Project Could Be Transformational for Mozambique – If Western Environmentalists Don\u2019t Interfere","author":"","date":"September 21, 2020","format":false,"excerpt":"By NJ Ayuk, Executive Chairman, African Energy Chamber When Anadarko Petroleum Corp. confirmed last year it would be constructing a $20 billion liquified natural gas (LNG) plant in Mozambique, this was major news. Mozambique\u2019s first onshore LNG plant would be creating tens of thousands of jobs -\u00a0and contributing to sustainable,\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/e366e81a865a4f522096c1f1236023a2.jpg?fit=800%2C401&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/e366e81a865a4f522096c1f1236023a2.jpg?fit=800%2C401&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/e366e81a865a4f522096c1f1236023a2.jpg?fit=800%2C401&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/e366e81a865a4f522096c1f1236023a2.jpg?fit=800%2C401&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9547,"url":"https:\/\/www.oilnewskenya.com\/index.php\/the-uks-decision-to-halt-funding-for-new-oil-gas-projects-ill-founded-and-counter-productive\/","url_meta":{"origin":15386,"position":3},"title":"The UK’s Decision to Halt Funding for New Oil & Gas Projects Ill-founded and Counter productive","author":"","date":"December 14, 2020","format":false,"excerpt":"The United Kingdom has recently declared that it will stop support and funding to any new oil, gas and coal projects on the 5th\u00a0anniversary of the Paris Agreement. While this is a setback, we must continue to be unwavering in our commitment to stand up for Africa's energy sector, its\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/LNG.jpg?fit=660%2C435&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/LNG.jpg?fit=660%2C435&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/LNG.jpg?fit=660%2C435&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14539,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-technip-energies-jgc-corporation-awarded-feed-contract-by-exxonmobil-for-the-rovuma-lng-project\/","url_meta":{"origin":15386,"position":4},"title":"MOZAMBIQUE: Technip Energies & JGC Corporation awarded FEED contract by ExxonMobil for the Rovuma LNG project\u00a0","author":"","date":"September 25, 2024","format":false,"excerpt":"Technip Energies and JGC Corporation have been awarded the Front-End Engineering Design (FEED) contract by ExxonMobil \u2013 on behalf of Mozambique Rovuma Venture (MRV), a joint venture of ExxonMobil, Eni, and CNPC \u2013 for the Rovuma LNG project at Palma in the Afungi peninsula, Northeast of Mozambique. The Rovuma LNG\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14470,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-coral-sul-flng-achieves-5-million-tons-of-lng-production\/","url_meta":{"origin":15386,"position":5},"title":"MOZAMBIQUE: Coral Sul FLNG Achieves 5 million Tons of LNG production","author":"","date":"August 24, 2024","format":false,"excerpt":"Eni, as the Delegated Operator of Area 4, on behalf of its Area 4 partners namely ExxonMobil, CNPC, GALP, KOGAS and ENH, celebrates today the achievement of 5 million tons of LNG produced from the Coral Sul FLNG, located in the ultra-deep waters of the Rovuma Basin, offshore Mozambique. This\u2026","rel":"","context":"In \"Area 4\"","block_context":{"text":"Area 4","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/area-4\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=15386"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15386\/revisions"}],"predecessor-version":[{"id":15388,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15386\/revisions\/15388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/15387"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=15386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=15386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=15386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}