Mozambique Oil & Gas: “Why Indian investments in Mozambique are facing bad weather” – Financial Express

Investment by Indian exploring companies in Mozambique gas field is unlikely to see any returns till 2022. This is due to instability in the host nation and not-so-keen approach by other consortium partners and no signs of a liquefied natural gas (LNG) terminal, required to transport fuel. The field was expected to start production by 2019. Indian companies have made an investment of $6.5 billion in the African country. While ONGC Videsh (OVL), the overseas…

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