wael alreweie/Shutterstock Financing oil and gas projects in Sub-Saharan Africa is becoming tougher, as banks and multilateral lenders divert the funding pipeline from fossil fuels to renewables.The debt-to-equity split in funding energy infrastructure projects is usually 70-30, but the majors may have to provide more of their own cash to keep projects viable. A litmus test will be a $5 billion TotalEnergies-led project to build the 200,000 b/d-plus East Africa Oil Pipeline (EACOP) linking Uganda’s oil fields to the Tanzanian coast. Save for later Print Download Share LinkedIn Twitter The Issue
