More buyers line up for natural gas from OVL’s Mozambique project
Tokyo Gas and Centrica LNG Company will be co-purchasing 2.6 million tonnes per annum (mtpa) of natural gas from ONGC Videsh-partnered Rovuma Offshore Area 1 project in Mozambique.
The agreement with the Tokyo Gas and Centrica LNG Company will be effective from the date production begins to the early 2040s. This takes the long-term sale tie-ups from the project to more than 9.5 mtpa, OVL said in a statement.
The development plan for the project was approved in February 2018. A final investment decision is expected in the first half of 2019, the statement said.
Under the existing agreements, CNOOC Gas and Power Singapore Trading & Marketing have a commitment to procure 1.5 mtpa over 13 years. Shell International Trading Middle East has an agreement to procure 2 mtpa over 13 years.
