New Delhi, Nov 13: ONGC Videsh Limited, a subsidiary of ONGC, holds a 16% interest in Mozambique’s Area 1 concession via its subsidiaries.
Total E&P Mozambique Area 1 Limitada, with a 26.5% participating interest, operates the Mozambique LNG project alongside other partners. I
n May 2021, construction was suspended due to security issues in Cabo Delgado province, leading to a Force Majeure declaration. As the security situation has improved, the consortium has notified the Mozambican government to lift the Force Majeure, allowing construction to resume for project completion.
