New Delhi: Bharat Petroleum Corporation Ltd (BPCL) on Thursday announced that the Mozambique LNG project has reached 42% completion following the resumption of work after the force majeure condition was lifted in November 2025.
Project Details and Stakeholders
Located in the Offshore Area 1 Concession in Mozambique and operated by French energy giant TotalEnergies, the project is estimated to require an investment of around $20 billion. BPCL, through its subsidiary Bharat PetroResources Ltd, holds a 10% stake in the venture. Two other Indian public sector undertakings — ONGC Videsh Ltd and Oil India Ltd — own 16% and 4% stakes, respectively. The project was suspended in April 2021 following attacks by Islamic State terrorists, which led to the declaration of force majeure.
Strategic Importance for India
In a statement, the company said the project remains on track and is expected to strengthen global LNG supply while supporting India’s long-term energy security goals. This comes amid continued geopolitical uncertainties due to the West Asia war and disruptions in energy flows following the closure of the Strait of Hormuz. Recent developments have impacted production across key regions and disrupted critical energy corridors, underscoring the need for diversified and resilient energy sourcing.
India consumed nearly 69.7 billion cubic metres (BCM) of natural gas in the 2025-26 fiscal year, of which more than 35.3 BCM was imported, taking the country’s import dependency to 50.7%.
Current Progress and Workforce
BPCL said more than 6,000 workers are currently deployed on the project. Area 1 contains more than 75 trillion cubic feet of gas resources. “Diversification of supply sources and the strengthening of global partnerships remain central to BPCL’s long-term strategy, aligned with India’s vision of transitioning towards a gas-based economy,” said VRK Gupta, director (finance), BPCL.
