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.
Under the deal, a syndicate of lenders including the Japan Bank for International Cooperation and the nation's top-three private sector banks will provide the loans, while Nippon Export and Investment Insurance will handle default risk.
