The much awaited gas from Mozambique's Rovuma basin may not make it to the Indian shores after all.

 

Bharat Petro Resources Limited (BPRL), the upstream arm of state-run oil marketing company Bharat Petroleum Corporation, and its consortium partners have tied up two-thirds of the gas with customers in Asian countries. But so far no Indian company, say BPCL executives, has come on board to secure gas supply from the consortium.

 

This September at BPCL's annual general meeting, S Varadarajan, BPCL's chairman and managing director said, "Members of the consortium have tied up two-thirds of the gas with customers in Japan, China and Thailand, and are in talks with Indian companies, too." 

 

BPRL and its consortium partners have been in discussions for marketing natural gas from its flagship international asset, Rovuma basin in Mozambique. 

 

"The operator had in 2012, formed marketing teams to talk to companies in Japan, China and Thailand. These countries are ready to pay more for gas. Besides, currently we need to maximise our revenue as a consortium as we plan to set up two LNG trains,” said a senior BPRL executive. MORE