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Mozambique LNG project: Coming up, finally!
Oct 05: A flurry of activity in the Anadarko Petroleum operated Area 1 of the Rovuma basin in Mozambique has fostered hope that the project is now nearing investment approval.
8A significant part of the gas on offer from the LNG project has been bought up under a long term deal.
8Then again, Andarko has begun hiring smaller contractors for initial project work
8ONGC Videsh Ltd. (16%), Bharat PetroResources Ltd. (10%), and Oil India Ltd. (4.0%) are stakeholders in this offshore E&P-cum-LNG project
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