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The Mozambique LNG consortium is working alongside Indian companies to supply liquid natural gas due to be extracted and processed in Mozambique, according to Steve W Hoyle, vice president of US group Anadarko Petroleum for natural gas and shipping

Hoyle addressed a conference of 200 participants, which was under the theme ‘LNG Supplies for the Asian Markets in 2016,’two of the participants in the consortium revealed.

The event was held between 14-17 March in Singapore, Oil and Natural Gas Corporation, Bharat Petroleum and ONGC Overseas Ltd, jointly control 30 per cent.

The project, named Area 1, is situated in the Rovuma basin in northern Mozambique.

The consortium consists of the operator, Anadarko Petroleum group, which has a share of 26.5 per cent, according to Hoyle. While Japan’s Mitsui & Co holds 20 per cent, Oil and Natural Gas Corp with 16 per cent, Bharat Petroleum with 10 per cent, PTTEP of Thailand with 8.5 per cent, Oil India Limited with four per cent and the Mozambican state ENH with 15 per cent.

Tag(s) : #Oil and Gas News
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