Mozambique and India have signed a memorandum of understanding (MoU) to work together to enhance capacity building in the oil and gas sectors
According to the MoU, both countries would work together for a period of five years to also increase cooperation between research and training centres, and intensify technology transfer.
India’s oil minister Dharmendra Pradhan said, “Mozambique is strategically located near India and is ideally suited for bringing natural gas to India at market-determined price. Participation of Indian energy companies in the project will facilitate access to LNG for the growing Indian gas market.”
Oldemiro Baloi, foreign minister of Mozambique, added that the southern African country plans to produce 34mn tonnes of LNG annually from its biggest gas field, Rovuma Area 1 Block located offshore Mozambique. It would also set up 10 LNG terminals with a yearly capacity of five million tonnes of gas.
Indian companies ONGC Videsh, Oil India and Bharat Petroleum own 30 per cent of Rovuma Area 1 Block and the companies would also participate in the LNG project, noted the Mozambican minister.
