Mozambique’s Rovuma gas field faces investment drought – Indian officials

June 7, 2016

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Mozambique’s Rovuma Area 1 gas project, in which India government-owned oil and gas companies hold a 30% stake, has been hit by an investment drought.
The start of production from the fields too has become uncertain with no binding agreement from prospective liquefied natural gas (LNG) buyers as few were willing to enter into long-term contracts in the falling oil and gas pricing environment.

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