India hurries ops at terror-hit gasfield amid volatile prices worries

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Oil India Ltd 4%. Queries mailed to TotalEnergies, OVL, BPCL and Oil India remained unanswered till press time. Efforts to resume operations follow volatility in the global energy market due to the Ukraine war.

Petroleum and natural gas minister Hardeep Singh Puri visited Mozambique in October to discuss the project with the host nation’s minister of mineral resources and energy Carlos Zacarias. India seeks to increase the share of gas in its total energy mix to 15% by 2030 from the current 6%. Supplies from Mozambique reach India three to seven days by sea, making it a far better than several other suppliers.

LNG supplies from the US, the second largest supplier of LNG to India take about 25-50 days to reach India. The website of the project, mzlng.totalenergies.co.mz, shows that the development phase of the project, before production of gas, can begin once a well is drilled and commercial quantities of natural gas have been confirmed through appraisal activities. “Development generally includes preparing wells for production.

Because the natural gas found in Mozambique’s Offshore Area 1 is approximately 40 kilometers offshore and in water depths of approximately 1,600 meters, specially engineered equipment is required to produce, gather, process and transport the natural gas to the onshore facilities for processing," says the website. Earlier in February 2023, the chairman and CEO of TotalEnergies, Patrick Pouyanne, visited Cabo Delgado to review the security and humanitarian situation and he entrusted Jean-Christophe Rufin, an expert in humanitarian action and human rights, to assess the humanitarian situation in Cabo Delgado. India has been trying to widen its source base for its energy needs.