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Decree No. 51/2019 approving the Financing Structure of the Liquefied Natural Gas Project, called Golfinho/Atum.

Country/Territory
Mozambique
Document type
Regulation
Date
2019
Source
FAO, FAOLEX
Original source
Boletim da República, I Série, No. 113.
Subject
Energy
Keyword
Natural gas Financing Legal proceedings/administrative proceedings Inspection Internal trade International trade
Geographical area
Africa, Eastern Africa, Indian Ocean, Least Developed Countries
Entry into force notes
This Decree enters into force on the day of its publication.
Abstract

This Decree approves the Financing Structure of the Liquefied Natural Gas Project, called Golfinho/Atum, as reflected in the Technical Data Sheet of the Common Terms of Long-Term Financing dated 22 March 2019, to be contracted with the consortium of Export Credit Agencies of the Bank Development and other national and international financial institutions and with the Project sponsors. In addition, it approves the terms of the financing guarantees to be provided by the Concessionaires and by the Special Purpose Entities to the Funders, through the Guarantee Agent, specified and expressly described in the Technical Data Sheet, in order to ensure the reimbursement of loans granted and made available by the Funders. Further it approves terms and conditions of the Direct Financing Agreement for the Liquefied Natural Gas Project Structure, called Golfinho/Atum to be signed between the Government, the Guarantee Agents that act on behalf of the Creditors (Agents of Guarantees) and the Concessionaires, related to the Financing Structure.

Full text
Portuguese
Website
www.legis-palop.org