ONGC Videsh update on Mozambique LNG Project
ONGC Videsh – a wholly owned subsidiary of Oil & Natural Gas Corpn, announced that Rovuma Offshore Area 1 consortium (Area-1), has taken a Final Investment Decision (FID) for the two train Golfinho/Atum Mozambique LNG Project.
Mozambique LNG Project will be the first onshore LNG facility in Mozambique consisting of initial two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (MMTPA) supported by the development of the Golfinho/Atum fields located offshore entirely within Area 1.
The project has successfully secured in aggregate 11.1 MMTPA of long-term LNG sales (representing 86% of the plant’s nameplate capacity) with key LNG buyers in Asia and in Europe. Additionally, the project will have a significant domestic gas component for in-country consumption in Mozambique to help fuel the economic development.
