Total secures Africa's biggest debt financing with LNG deal

FINANCIAL TIMES đź”’| Total has secured about $15bn in financing to develop liquefied natural gas in Mozambique, with banks signing up to the biggest private debt-raising in African history despite the pandemic and turmoil in oil markets.

Lenders on Thursday said they had backed the French oil major to finance the $20bn project to process onshore gas, the biggest foreign direct investment in Africa. Total confirmed the financing had been agreed but declined to provide further comment.

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