Mozambique LNG moving forward

In this webinar, we will have a presentation from Total who has signed a 14,9 B$ finance agreement for Mozambique LNG and is the country's first onshore LNG development which will be important for the economic development in region. It includes the development of the Golfinho and Atum natural gas fields located in Offshore Area 1 block and an onshore construction of a two-train liquefaction plant with a total LNG capacity of 13.1 million tons per annum (mtpa) with the ability to expand up to 43  mtpa. The project is on track and first LNG delivery in 2024.

Mozambique LNG represents a total post-FID investment of 20 B$. The project financing amounts to 14.9 B$, and includes direct and covered loans from 8 Export Credit Agencies (ECAs), 19 commercial bank facilities, and a loan from the African Development Bank. Total E&P Mozambique Area 1 Limitada, a wholly owned subsidiary of Total SA, operates Mozambique LNG with a 26.5% participating interest together with partners. Total is the world’s second largest LNG player.

The project is committed to collaborating with Mozambican communities and government officials to safely develop these resources in a manner that protects the environment, encourages additional foreign investment, and contributes to the long-term social and economic stability of the country and important in the the world’s increasing demand for sustainable, reliable and cleaner energy sources. This is one of several LNG developments in Mozambique, and should be of large interest for Norwegian companies within supply of goods, services, training and local cooperation.

Further, Control Risks, a global specialist risk consultancy , will share some experience from helping companies solve challenges that arise when seeking to convert risk into opportunity in developing markets. They hold extensive knowledge of the political, social and security-related developments in Mozambique for companies operating in the oil & gas sector. 

Agenda

09:00 Welcome

• Eirik Melaaen, Regional Director, Norwegian Energy Partners
• Ambassador HE Ms Aud Marit Wiig, Royal Norwegian Embassy in Maputo

09:10 Presentation by Total, Sarah Dumbrill, Total Mozambique

09:40 Presentations by Control Risks, Seamus Duggan, Senior analyst

10:00 Q&A

10:25 Closing remarks, Eivind Fjeldstad, CEO, Norwegian African Business Association

10:30 End of Webinar

Practical information

This is an online webinar open for NORWEP and NABA partners only. The webinar will take place on Zoom. When signing up for this webinar, your email address will be made available to Norwegian Energy Partners, NABA and webinar speakers.