General Chat - RBR, page-160

India’s Bharat Petroleum Ties Up 1M Tonnes of LNG Supply From 20B Mozambique Project to Start in July

State-run Bharat Petroleum Corporation (BPCL) has tied up a supply of 1 million tonnes (mt) of liquefied natural gas (LNG) from the upcoming $20-billion project in Mozambique, which is expected to commence operations in July.

BPCL subsidiary Bharat PetroResources (BRPL) through its Netherlands-based step-down subsidiary BPRL Ventures Mozambique holds a 10 per cent participating interest (PI) in the LNG project. BRPL along with ONGC Videsh (OVL) and Oil India (OIL) hold a total of 30 per cent stake in the project, which is led by Total Energies.

The project was halted in March 2021 after Total Energies declared force majeure following Islamic State-linked insurgents attacking civilians in Mozambique’s northern Cabo Delgado province where the natural gas project is coming up.

The work on the project is expected to start by July this year, BPCL management said in a results call on Tuesday. The project has a reserve of 64 trillion cubic feet (TCF) and has a capacity of 13 million tonnes per annum (mtpa).

https://360mozambique.com/oil-gas/l...from-20b-mozambique-project-to-start-in-july/