(PTI)
India and Mozambique today agreed to expedite development of the giant Rovuma gas discovery, which is planned to be converted into LNG for exports. Oil Minister Dharmendra Pradhan, who is here to attend the LNG Producer-Consumer Conference, met his Mozambique counterpart Leticia Klemens to discuss the development of the gas field.
“Met Energy Minister of Mozambique; agreed to expedite our project of gas development where Indian companies have invested about USD ,”6.5 billion,” Pradhan said in a Twitter post.
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), holds 16 per cent stake in Mozambique offshore block Rovuma Area 1. Oil India Ltd has 4 per cent stake while a unit of Bharat Petroleum Corp Ltd (BPCL) holds 10 per cent stake.
