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    Live Mint: OVL Says Mozambique LNG Not Viable at Under $9-10 Per mmBtu

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Summary

If gas is sold from Mozambique's planned LNG terminal, it must be priced over $10 per mmBtu to be viable, OVL managing director N.K. Verma says

by: Erica Mills

Posted in:

Press Notes, Africa

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Live Mint: OVL Says Mozambique LNG Not Viable at Under $9-10 Per mmBtu

The natural gas sold from the yet-to-be-built liquefied natural gas (LNG) terminal at Mozambique will not be viable at a price below $9-10 per million metric British thermal units (mmBtu), said N.K. Verma, managing director, ONGC Videsh Ltd (OVL).

He was talking to the media at the sidelines of an event in Mumbai.

Read the full article HERE.

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