Eximbank provides $500 mil. for Mozambique gas project

The Export-Import Bank of Korea (Eximbank) said Monday it will provide $500 million (545 billion won) in financial support for a major integrated liquefied natural gas (LNG) project in Mozambique.

The project financing by the state-run lender is aimed at helping Korean companies successfully complete the construction of two LNG plants in the southern African nation.

Daewoo Engineering & Construction and a group of small- and medium-sized Korean firms are participating in the project, according to Eximbank.

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