ONGC Videsh Update: Mozambique LNG Project Resumes
OIL & GAS

ONGC Videsh Update: Mozambique LNG Project Resumes

ONGC Videsh Limited, the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), has announced that the Force Majeure on the Mozambique LNG Project in Area 1 has been lifted, enabling construction activities to restart.

ONGC Videsh holds a 16 per cent interest in the Area 1 concession through its subsidiaries ONGC Videsh Rovuma Limited (OVRL) and Beas Rovuma Energy Mozambique Limited (BREML). The project is operated by Total E&P Mozambique Area 1 Limitada, a wholly owned subsidiary of TotalEnergies SE, which holds a 26.5 per cent participating interest. Other partners include ENH Rovuma Area Um, S.A. (15 per cent), Mitsui Rovuma Offshore Area 1 Limited (20 per cent), OVRL (10 per cent), BREML (10 per cent), BPRL Ventures Mozambique B.V. (10 per cent) and PTTEP Mozambique Area 1 Limited (8.5 per cent).

The 13.12 MMTPA LNG project began construction in 2019 but was halted in May 2021 when Force Majeure was declared due to a deteriorating security situation in Cabo Delgado province. With the security environment now significantly improved, the Area 1 consortium has formally notified the Government of Mozambique of its decision to end the Force Majeure.

The withdrawal allows construction to resume, paving the way for the early completion of the project, which is a key development in Mozambique’s Rovuma Basin and an important energy investment for ONGC Videsh and its partners.

ONGC Videsh Limited, the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), has announced that the Force Majeure on the Mozambique LNG Project in Area 1 has been lifted, enabling construction activities to restart. ONGC Videsh holds a 16 per cent interest in the Area 1 concession through its subsidiaries ONGC Videsh Rovuma Limited (OVRL) and Beas Rovuma Energy Mozambique Limited (BREML). The project is operated by Total E&P Mozambique Area 1 Limitada, a wholly owned subsidiary of TotalEnergies SE, which holds a 26.5 per cent participating interest. Other partners include ENH Rovuma Area Um, S.A. (15 per cent), Mitsui Rovuma Offshore Area 1 Limited (20 per cent), OVRL (10 per cent), BREML (10 per cent), BPRL Ventures Mozambique B.V. (10 per cent) and PTTEP Mozambique Area 1 Limited (8.5 per cent). The 13.12 MMTPA LNG project began construction in 2019 but was halted in May 2021 when Force Majeure was declared due to a deteriorating security situation in Cabo Delgado province. With the security environment now significantly improved, the Area 1 consortium has formally notified the Government of Mozambique of its decision to end the Force Majeure. The withdrawal allows construction to resume, paving the way for the early completion of the project, which is a key development in Mozambique’s Rovuma Basin and an important energy investment for ONGC Videsh and its partners.

Next Story
Infrastructure Urban

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Next Story
Infrastructure Energy

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Next Story
Infrastructure Urban

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement