Mozambique LNG promotes gas in Singapore

18 March 2016

The Mozambique LNG consortium is negotiating with Indian companies to supply liquid natural gas due to be extracted and processed in Mozambique, said Steve W Hoyle, vice president of US group Anadarko Petroleum for natural gas and shipping.

Hoyle, who addressed the 200 participants at the conference “LNG Supplies for the Asian Markets in 2016”, held from 14 to 17 March in Singapore, noted that two of the participants in the consortium, Oil and Natural Gas Corp, Bharat Petroleum and ONGC Overseas Ltd, jointly control 30 percent of the project and are two of the major players in the natural gas market in their country, India.

Quoted by the Press Trust of India, Hoyle recalled that Mozambique has a strategic position in relation to the Indian subcontinent, which is a distance of just seven days by sea compared to over 17 days to reach Japan, the world’s largest importer of natural gas.

This project, called Area 1, is located in the Rovuma basin in northern Mozambique. The consortium is made up of the Anadarko Petroleum group, which is the operator with a share of 26.5 percent, Japan’s Mitsui & Co 20 percent, Oil and Natural Gas Corp with 16 percent, Bharat Petroleum with 10 percent, PTTEP of Thailand with 8.5 percent, Oil India Limited with 4 percent and the Mozambican state ENH with 15 percent. (macauhub/MZ)