U.S. Contractors to Supply Mozambique LNG Project
At least 68 U.S. companies will supply equipment and services for the engineering, procurement and construction of Mozambique’s $23-billion, two-train liquefied natural gas processing plant.
U.S. exports for the project – totaling roughly $1.8 billion – will be delivered by companies from Florida, Georgia, Louisiana, New York, Oklahoma, Pennsylvania, Tennessee, Texas and the District of Columbia.
The U.S Export-Import (EXIM) Bank is supporting U.S. businesses in the provision of exports for the construction of the plant and has extended a $4.7 billion loan for the project’s development, representing the largest share of senior debt financing secured.
Equipment includes steel pipes, seabed manifold systems, gas pipelines, gas cooling systems, non-pressurized tanks and insulated gas pipes.
“This project continues to serve as a great example of how a revitalized [Export-Import Bank] can help ‘Made in the U.S.A’ products and services compete in a fierce global marketplace and counter competition from countries like China and Russia,” said President and Chairman of U.S. EXIM Bank, Kimberly A. Reed.
In addition to the U.S. EXIM Bank, Total has received financing for the project from seven other export credit agencies, 19 commercial banks and the African Development Bank.
Prior to Total’s acquisition of the Area 1 asset in September 2019, U.S. operator Anadarko and partners were developing the project.
Africa Oil & Power (AOP) will bring global investors and policymakers in oil and gas and power together for the first-ever Mozambique Gas & Power Conference & Exhibition – under the theme ‘Leveraging LNG: Building A Prosperous Mozambique’– in partnership with the African Energy Chamber and Attitude HR.
Join us on 8-9 March 2021 in Maputo, Mozambique