After securing almost a third of a giant gas field in Mozambique, India on Wednesday pitched for buying most of the natural gas from the project to feed its starving power plants back home.
Mozambique plans to produce 34 million tonnes of liquefied natural gas (natural gas turned into liquid by freezing at sub-zero temperatures) from the Rovuma Area 1 offshore block, where ONGC Videsh ltd, Oil India ltd and Bharat Petroleum Corp ltd (BPCl) hold 30 per cent interest.
The lNG to be produced by end of 2018 equals to 136 million standard cubic meters per day of gas, 50 per cent more than India's current gas output.
Continuing to use the sidelines of the Petrotech 2014 conference to forward oil diplomacy, Oil Minister M Veerappa Moily courted his Mozambique counterpart Esperanca Bias to seek a pie of the lNG.