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
Real Estate

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

Next Story
Infrastructure Transport

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

Next Story
Infrastructure Urban

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App