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Energy

Japan Inc. to invest $14bn in LNG development in Africa

Government and businesses team up for Mozambique project

An illustrated image of the LNG project in Mozambique in which Mitsui & Co. and other partners will invest $14 billion.  (Photo: courtesy of Anadarko Petroleum)   © Anadarko Petroleum

TOKYO -- The Japanese government and business sector will join hands on a joint financing deal totaling 1.5 trillion yen ($14.4 billion) for the development of liquefied natural gas in the African country of Mozambique, Nikkei has learned.

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