Sunday , August 18 2019
Breaking News
Home / BUSINESS / Oil India’s Rovuma offshore area takes FID for two Mozambique LNG Project

Oil India’s Rovuma offshore area takes FID for two Mozambique LNG Project

Oil India’s 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 name plate 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.

Oil India, a Navratna Company, is Asia’s oldest and biggest pioneer oil exploration and Production Company.

Click & Download Udaipur Kiran App to read Latest News

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Inline

Click & Download Udaipur Kiran App to read Latest News

Inline

Click & Download Udaipur Kiran App to read Latest News