Guinea LNG import terminal secures bridge financing


West Africa LNG Group (WALNG) has closed on an equity financing round with a US-based investor group.

Former Ambassador Patricia Moller, Chair of WALNG, said the investment provides it with the necessary financial resources to fund operating activities as its finalises long-term offtake agreements with the mining companies in Guinea.

Moller said, “This financing also gives us greater flexibility as we negotiate with potential strategic and financial partners who have expressed strong interest in participating in the transformative Guinea LNG project.”

Home to some of the world’s most abundant natural resources and highest quality minerals, Guinea has long suffered from a severe lack of energy to develop its economy.

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