Italy’s state-controlled energy giant Eni said on Wednesday it has closed $4.7 billion financing for its Coral South floating liquefied natural gas (FLNG) project in Mozambique.
Read MoreOne company pushing ahead with operations around Africa is Eni, which continues to make discoveries and sell down finds, writes Nicholas Newman. WHAT: Eni is focused on African opportunities. WHY: The continent remains under-explored and Eni has the skill, and interest, to push its exploration work forward. WHAT NEXT: Selling off stakes in Egypt and Mozambique should provide the company with funds to sustain its grand exploration plans.
Read MoreSouth Korea’s Kogas’ credit quality will not be immediately affected by its decision to invest in the Area 4 Coral South floating liquefied natural gas (FLNG) project in Mozambique, according to Moody’s Investors Service.
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