Standard Bank encourages Brazilian companies to explore opportunities in Africa
Published by David Rowlands,
Editor
LNG Industry,
Reuters reports that whilst Jair Bolsonaro, the next President of Brazil, has stated his intentions to focus on relationships with advanced economies, Standard Bank is reportedly betting on the need for Brazilian companies to diversify abroad in order to bounce back from a domestic recession.
Standard Bank already serves a number of Brazilian companies in the African continent, including Vale and Petrobras. According to Reuters, however, the bank believes there is an opportunity for other companies to get involved, especially with regards to two major LNG projects in Mozambique. According to Reuters, these projects have a combined investment projected at approximately US$55 billion.
Read the article online at: https://www.lngindustry.com/floating-lng/07112018/standard-bank-encourages-brazilian-companies-to-explore-opportunities-in-africa/
You might also like
Golar: All conditions met for second Argentina FLNG
Golar LNG Ltd has announced that all conditions precedent and customary closing conditions in connection with the 20-year charter of Golar’s 3.5 million tpy MKII floating LNG to Southern Energy S.A. in Argentina have been satisfied.