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Area 1: “LNG Project To Be Operational Between 2026-2027”, ONGC

Area 1: “LNG Project To Be Operational Between 2026-2027”, ONGC

The executive chairman of India’s Oil and Natural Gas Corporation Limited (ONGC), Arun Kumar Singh announced this Monday, May 29, during a press conference in Mumbai, that Mozambique’s LNG export project, which has been under force due to attacks by Islamic State terrorists, could start operating by 2026-2027.

According to news portal Club of Mozambique, ONGC, which has set a target of zero net emissions for 2038, expects “gas production from the Mozambique project, where it has a 16% stake, to start operating from 2026 or 2027”.

The project, operated by TotalEnergies, was originally scheduled to deliver its first cargo in 2024 and service group Saipem said recently it had been notified by Total to prepare for a restart in July.

Indian Oil and Natural Gas Corporation Limited (ONGC) belongs to the public sector, owned by the Ministry of Petroleum and Natural Gas of the Government of India. It is headquartered in New Delhi and was founded on 14 August 1956 by the Government of India and produces about 70% of India’s domestic crude oil production and about 84% of India’s natural gas.

TotalEnergies leads the consortium in Area 1 of the Rovuma Basin with a 26.5% share. Japan’s Mitsui (20%), Mozambique’s state oil company ENH (15%), India’s ONGC Videsh (10%) and its subsidiary Beas (10%), Bharat Petro Resources (10%) and Thailand’s PTTEP (8.5%) hold the remaining shares of the exploration.

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