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Gas find in Mozambique may hold 15-30 trillion cubic feet reserve

29 Nov 2011 Evaluate

Videocon Industries and Bharat Petroleum Corporation (BPCL) has indicated that the natural gas discovery they made off Mozambique may hold 15 - 30 trillion cubic feet of in place reserves which they may ship into India in form of LNG. The Barquentine - 3  appraisal well on the Area — 1 in Rovuma basin off Mozambique encountered more than 202 net metres of natural gas pay.

Bharat PetroResources Ltd, a wholly owned subsidiary of BPCL, and Videocon Hydrocarbon Holdings Ltd, a wholly owned subsidiary of Videocon Industries, hold 10 per cent stake each in Area—1.Anadarko, which holds 36.5 per cent interest in the block, plans to put up plants to liquify the gas (liquefied natural gas or LNG) so that it can be shipped to consumption centres in cyrogenic ships. The two LNG trains will have a capacity to produce 5 million tons of liquid fuel each.

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