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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Mozambique LNG Project: Oil India expects first LNG delivery in 2020

Oil India informed that it is expecting the first liquefied natural gas cargo delivery from the Anadarko-operated LNG project in Mozambique by first quarter 2020. The company has a 10% participating interest in the offshore Area 1 block together with ONGC Videsh.

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Mozambique Oil & Gas: China to receive Rovuma basin natural gas supply

China, which currently has Angola as one of its main oil suppliers, plans to position itself to have Mozambique as a major source of natural gas supply in the future. To secure funding for the large investment required for the extraction and export of natural gas, US oil company Anadarko Petroleum is already in the market negotiating long-term contracts and one of the first five it closed, according to financial news agency Reuters, was with the…

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