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Mozambique: ONGC-OIL's rival steals a march
Jun 05: A reasonable amount of momentum is being noticed towards kick starting investments in offshore development and attached LNG projects in Mozambique.
8Three Indian companies, ONGC, OIL and BPCL are heavily investment in one of the two big gas projects in the African country
8Indications are that one set of promoters -- not the one in which the Indian trio are involved -- have launch the implementation of their upstream-cum-LNG project
8It will be a 3.4 MMTPA Floating Natural Gas Unit, and gas will be fed from an adjacent field with reserves of 16 tcf.
8The main promoters of the project in which ONGC, OIL and BPCL are involved are also making efforts at implementation but the they have not borne fruit as yet.
8But there is a now more excitement over Mozambique than earlier and there is activity among teams  in the Indian companies attached to it.
8Project implementation however is still a long way off. Various cost estimates are being investigated, including the cost of liquefaction terminals, both onshore and offshore.
8The consortium had submitted a 12 MMTPA onshore development project but now that the rivals have stolen a march by going in for a much smaller 3.4 MMTPA floating terminal, there is rethinking going on over what should be the best option out.
8For reference purposes, the average cost breakdown of liquefaction plants globally are carried here.
8The website also carries here the risks that such a liquefaction facility carries for stakeholders and the reasons for the holdup in Mozambique.
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