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    LiveMint: HPCL Seeks Mozambique Gas for Gujarat LNG Terminal

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Summary

Indian company HPCL has said that it will source liquefied natural gas for its planned terminal in Gujarat, India from Mozambique

by: Erica Mills

Posted in:

Press Notes, Africa

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LiveMint: HPCL Seeks Mozambique Gas for Gujarat LNG Terminal

Hindustan Petroleum Corp. Ltd (HPCL), the country’s third biggest oil refiner, is negotiating with its partners in the Mozambique gas field, operated by Anadarko Petroleum Corp., to bring natural gas to India for its upcoming liquefied natural gas (LNG) terminal in Gujarat.

The deal will not only give HPCL access to gas, which is logistically cheaper to source, it will also give the company a cost advantage in its natural gas trading business, which it started last financial year.

Read the full article HERE.

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