Construction of Mozambique LNG project set to resume as force majeure ends
ONGC Videsh Ltd (OVL) on Wednesday said a force majeure at its $20-billion Mozambique LNG venture has been lifted, setting the stage for resuming construction work. The force majeure was imposed in 2021 after the project came under attack by Islamic State terrorists.
The development gains significance as the project is expected to ease the supply of LNG to India and enhance energy security.
