{"id":18468,"date":"2022-04-26T14:51:22","date_gmt":"2022-04-26T14:51:22","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant"},"modified":"2022-04-26T14:55:59","modified_gmt":"2022-04-26T14:55:59","slug":"mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant","title":{"rendered":"Mozambique hires SocGen to help refinance stake in Eni gas plant"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique\u2019s Empresa Nacional de Hidrocarbonetos selected Societe Generale SA as financial adviser for the state oil company\u2019s plans to refinance a stake in an offshore natural-gas project led by Eni SpA.<\/p>\n

The process is ongoing and ENH and SocGen are working on financial models, Finance Minister Max Tonela said Thursday in an interview in Washington D.C. The company is taking advantage of record gas prices since Russia\u2019s invasion of Ukraine as the project prepares to start exporting the fuel later this year.<\/p>\n

\u201cNow it\u2019s more attractive for them and less risky to be involved,\u201d Tonela said. \u201cNow ENH has more ability to raise finance to play their role as a concessionaire.\u201d<\/p>\n

Rome-based Eni\u2019s $7 billion Coral floating liquefied natural gas project off Mozambique\u2019s northern coast is set to start producing by October, marking the start of the southeast African nation\u2019s ambitions to become a major global source of the fuel.<\/p>\n

That comes even as an Islamic State-linked insurgency has delayed bigger on-shore projects by TotalEnergies SE and ExxonMobil Corp. and as Italy seeks alternatives sources of gas to reduce its dependence on Russian supplies.<\/p>\n

Mozambique has sought funding for its stakes in gas projects following massive discoveries of offshore its northern coast a decade ago. SocGen has been active in the projects, appointed as a financial adviser to ENH and in the same role to Total and Gigajoule Group on a planned LNG import terminal and power plant near Mozambique\u2019s capital, Maputo.<\/p>\n

By<\/b><\/p>\n

Paul Burkhardt and Jordan Yadoo<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambique\u2019s Empresa Nacional de Hidrocarbonetos selected Societe Generale SA as financial adviser for the state oil company\u2019s plans to refinance a stake in an offshore natural-gas project led by Eni SpA. The process is ongoing and ENH and SocGen are working on financial models, Finance Minister Max Tonela said Thursday in an […]<\/p>\n","protected":false},"author":84,"featured_media":18467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-18468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique hires SocGen to help refinance stake in Eni gas plant - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique\u2019s Empresa Nacional de Hidrocarbonetos selected Societe Generale SA as financial adviser for the state oil com ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique hires SocGen to help refinance stake in Eni gas plant\" \/>\n<meta property=\"og:description\" content=\"Mozambique\u2019s Empresa Nacional de Hidrocarbonetos selected Societe Generale SA as financial adviser for the state oil com ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-26T14:51:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-26T14:55:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-626807e66320c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"825\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique hires SocGen to help refinance stake in Eni gas plant\",\"datePublished\":\"2022-04-26T14:51:22+00:00\",\"dateModified\":\"2022-04-26T14:55:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant\"},\"wordCount\":279,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-626807e66320c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-hires-socgen-to-help-refinance-stake-in-eni-gas-plant\",\"name\":\"Mozambique hires SocGen to help refinance stake in Eni gas plant - 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