Industry Trend

The New Grim Reality for African Project Financing

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  • 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.

The Issue

Energy Storage, Low-Carbon Policy, LNG Projects, Corporate Strategy
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