Energy Firms in Mozambique Eye Indian Gas Market

Energy companies operating in Mozambique are keen to supply natural gas to India and have reportedly started talks with India’s state energy firms.

Mozambique has reported one of the world’s biggest natural gas fields in recent times.

A report published in the Economic Times said that Videocon International and public sector Bharat Petroleum Corp (BPCL), which hold 10% each in six blocks in the deep-water Rovuma Basin, off the Mozambique coast in Africa, are interested in selling gas in India.

The basin may hold 30 trillion cubic feet of gas, which can be liquefied and transported to Asia.

Representatives of Texas-based Anadarko, the operator of the block, has had preliminary discussions with various Indian state owned energy firms to understand the modalities of joint investments in setting up downstream infrastructure to transport and market the gas produced in the Rovuma basin to India, the newspaper said.

Videocon Industries is also interested in selling gas in the Indian market and is having discussions with its foreign partners who are keen to target India gas market.

All companies involved in developing the Rovuma Offshore Area 1 in Mozambique are planning to jointly invest $19 billion in infrastructure to transport and market gas.