LNG

Sept 29 (LNG) - Bharat Petroleum Corp., one of three Indian stakeholders in the Mozambique LNG export project being developed by European major Total, said it signed an agreement to secure 1 million tonnes per of cargoes over a 15-year term. Bharat has a 10 percent stake in the venture to produce almost 13 MTPA in the first phase of development at the onshore plant in the northeast Cabo Delgado province.

   The Area 1 Rovuma Basin shareholding has Total as operator with a 26.5 percent participating interest alongside Mozambique state energy company ENH with 15 percent as well as Japanese and Thai shareholders. Bharat said it expected a start-up of the first Train in the second half of 2024 and full production during 2025.