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Mozambique Oil & Gas: South Korean quartet boasts major role in Coral South FLNG project
The Export-Import Bank of Korea (Korea Eximbank) said it will provide $1 billion in project financing for the Eni-led Coral South FLNG project offshore Mozambique. In addition to Korea Eximbank’s $1 billion, Korea Trade Insurance Corporation (K-sure) will provide $0.8 billion, making up 22.5 percent of total project costs or 36 percent of project finance.
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