ONGC subsidiary announces Mozambique LNG project restart
ONGC Videsh Limited (OVRL), a wholly-owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), has announced the end of Force Majeure in the Area 1 Mozambique LNG Project, effective November 12, 2025. ONGC holds a 16% interest in the Area 1 concession through its subsidiaries OVRL and Beas Rovuma Energy Mozambique Limited (BREML). The project, operated by Total E&P Mozambique Area 1 Limitada, aims for a 13.12 MMTPA LNG production.
The Force Majeure was declared in May 2021 due to a deteriorating security situation in the Cabo Delgado Province, leading to the suspension of construction activities that began in 2019. With significant improvements in regional security, the Area 1 Mozambique LNG consortium has notified the Government of Mozambique about the withdrawal of the Force Majeure.
This paves the way for the restart of construction activities, targeting an early completion. Other partners include ENH Rovuma Area Um, S.A. (15%), Mitsui Rovuma Offshore Area1 Limited (20%), OVRL (10%), BREML (10%), BPRL Ventures Mozambique B.V. (10%) and PTTEP Mozambique Area 1 Limited (8.5%).
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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