ONGC Videsh and BPCL’s Mozambique LNG project to stop indefinitely on outbreak of violence

The $20 billion liquefied natural gas project in Mozambique, where two state-owned Indian firms – ONGC Videsh Ltd (OVL) and BPCL together hold a 30 per cent stake, has been suspended indefinitely after an escalation of violence in the area, according to a regulatory filing. French energy giant Total SE, which is the project lead, declared force majeure on its LNG […]

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Japan bets big on Mozambique LNG

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In partnership with its country’s business sector, the Japanese government will invest some $14.4 billion (1.5 trillion yen) in liquefied natural gas development in Mozambique, the Nikkei Asian Review reported. According to the report, the money will fund the development of a gas field in the African country to produce some 12 million tonnes of LNG […]

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Indian pulses millers ask the government to extend deadline for import of pulses till year-end

Dal (pulses) millers in the country have asked the government to extend the deadline till year-end for the import of pulses. The Centre has urged the millers to import pulses by October 31. Indore-based All India Dal Millers Association (AIDMA) has estimated that the crop in Burma has been good, but the crop in African […]

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India and Mozambique agree to develop Rovuma gas discovery

India and Mozambique have agreed to expedite development of the giant Rovuma gas discovery in Mozambique, which is planned to be converted into LNG for exports. Oil Minister Dharmendra Pradhan, who is in the African country to attend the LNG Producer–Consumer Conference, met his Mozambique counterpart Leticia Klemens to discuss the development of the gas […]

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India may lift a decade-old ban on export of pulses to beat domestic glut, low prices

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India may soon lift the decade-old ban on pulse exports, allowing farmers and traders to sell lentils in overseas markets as part of a broader strategy to deal with the current glut and price crash at home. Pulse exports have been banned since 2006-07. Moneycontrol.com quoted a senior official as saying that the government might […]

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