AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
On June 17th, 2019, Japan Oil, Gas and Metals National Corporation (JOGMEC), announced that it would support Mitsui E&P Mozambique Area 1 Ltd. (MEPMOZ), a subsidiary of Mitsui & Co., Ltd., by providing equity financing in order to cover up to 50% of the development and liquefaction expenses of MEPMOZ's LNG project. It is estimated that the total financing will be around 125 billion yen (1.1 billion USD) Besides MEPMOZ's investments in the Mozambique LNG Project other Indian and Thai companies have also contributed to the development of the petroleum fields. It is believed that this newly discovered zone will be one of the largest natural gas fields.
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