Discussions Underway Between India And Total Energies To Revive The Mozambique LNG Project

The Mozambique LNG Project Halted By Total Energies In April 2021 Due To Security Issues Will Be Restarted As India And Total Energies Consider Resuming Operations

Total Energies, an oil and gas giant, along with the Indian Oil Ministry, are planning to restart Mozambique’s USD 20 billion liquefied natural gas (LNG) project. Officials of both companies met and discussed the project’s restart since operations were halted in 2021 due to concerns over safety.

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The resumption of the project will be essential for India as it is logistically convenient for India and Mozambique due to the close proximity as well as many LNG terminals. In addition to its convenient location, it can also help the country spread its market in the Atlantic and Asia Pacific markets while exploring the growing energy demand of West Asia and India.

Three Public Sector Undertakings of India, namely, Bharat PetroResources (BPRL), ONGC Videsh (OVL), and Oil India (OIL), have a share of 30% in the project, which was expected to start in 2024 but have since been delayed to 2027 as a result of security concerns at the location of the plant and change in ownership.

Along with the restart of the project, the discussion also concentrated on resuming functions at the offshore field development and the two LNG trains.

Taking into consideration the efforts from both parties, it is expected that the project will restart operations this year between July and August and will become fully operational in 2027.

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According to the article by Procurement Resource, the oil and gas giant Total Energies, as well as the Indian Oil Ministry, are all set to resume halted operations in Mozambique in 2021. It is expected that the project will be restarted this year and will become completely functional in 2027. further details of the project have been mentioned in the article.