Africa-Press – Mozambique. The Hon’ble Minister for Petroleum and Natural Gas; Housing and Urban Affairs of India; H.E. Mr. Hardeep S. Puri, is visiting Mozambique from October 28-31, 2023. This is the first visit of H.E. Mr. Hardeep S. Puri, to this country. Hon’ble Minister Puri is accompanied by high officials of the Government of India besides the CMD of ONGC Videsh Limited (OVL) and Oil India Limited (OIL).
2. The visit assumes significance since Indian public sector companies (with majority share holdings of the Government of India) namely, ONGC Videsh Limited (OVL), Bharat Petroresources Limited (BPRL) and Oil India Limited (OIL), have the largest share of investment of 30% in the Area 1 of the Rovuma gas fields in Cabo Delgado that is being operated by Total Energies of France with 26.5% share of investment. The Project for exploitation of the estimated gas reserves of 175 trillion cubic feet and subsequent conversion to Liquefied Natural Gas (LNG) has been stalled since April 2021 following the heinous and barbaric terrorist attack at Palma in March 2021.
3. Hon’ble Minister for Petroleum and Natural Gas; Housing and Urban Affairs of India; H.E. Mr. Hardeep S. Puri, is scheduled to meet his Mozambican counterpart, H.E. Mr. Carlos Zacarias, Hon’ble Minister for Mineral Resources and Energy of the Government of the Republic of Mozambique; and H.E. Mr. Ernesto Max Tonela, Hon’ble Minister for Economy and Finance of the Government of the Republic of Mozambique, besides visiting the project site in Palma.
4. The brief but high priority visit of the Hon’ble Minister for Petroleum and Natural Gas; Housing and Urban Affairs of India; H.E. Mr. Hardeep S. Puri, to Mozambique would provide the opportunity to both India and Mozambique to discuss strategic aspects of the aforesaid LNG Project with a view to recommence the project at an early date.
Mozambique is 2nd largest upstream investment destination for India.
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