World Bank backs Mombasa LPG import terminal with US$23.2m loan

KENYA – Mombasa Gas Terminal, a company specialising in the importation, storage, and marketing of liquified petroleum gas (LPG), has received a World Bank-IFC financing facility for the construction of the first phase of an LPG import and storage terminal that will enable a sustained increase in the uptake of clean energy fuels in Kenya. The funding was announced by the International Finance Corporation arm of the World Bank on 2nd June 2021 and comes after the company secured regulatory approvals from the national and county governments. “We confirm that…

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Access LNG B.V secures US$31m loan for construction of LNG storage facility

GHANA – The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG), has lent US$31 million over 10 years to Access LNG B.V., a provider of specialist floating LNG infrastructure, to support the construction of a new LNG storage and regasification facility at Tema port in Ghana. EAIF’s loan is part of the financing for the Floating Regasification Unit (FRU) which will be integrated with a Liquid Natural Gas (LNG) carrier serving as a Floating Storage Unit. Construction of the FRU and the FSU are both at advanced…

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