BIT:ENIOil and Gas
Does Eni (BIT:ENI)ʼs AfDB-Backed Mozambique LNG Push Redefine Its African Gas Strategy?
The African Development Bank recently approved a US$150 million senior loan to support Eni’s Coral North floating LNG project offshore Mozambique, a development that is expected to double the country’s LNG output to 7 million tonnes per year and enhance regional energy security.
Beyond boosting LNG capacity, the Coral North financing highlights how multilateral backing is reinforcing Eni’s role in large-scale gas infrastructure linked to economic development goals in Africa.
We’ll now...