BPCL signs 15 yr term contract for 1 mtpa LNG from Mozambique gas project
Bharat Petroleum Corporation (BPCL) has tied up a 15 year long term contract for 1 million tonne per annum (mtpa) LNG from its much awaited Mozambique project. BPCL owns 10% in the 12.88 mtpa project offshore the Mozambique basin where OVL and Oil India are the other consortium partners, while French energy giant Total is the operator.
N Vijayagopal, director — finance of BPCL, told media in a post AGM conference call that the production from one of the largest gas resources in Africa is expected to start from the second half of calendar year 2024, while the full production is expected by 2025.
