African Development Bank (AfDB) is the latest financial institution to confirm funding for the $20-billion Mozambique Liquefied Natural Gas (LNG) project, which is being developed by a Total-led consortium in northern Mozambique. In a statement, the development finance institution announced that it had signed a senior loan of $400-million for the project, which, in total, had secured $14.9-billion in funding from eight export credit agencies, 19 commercial banks and development finance institutions.
