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Mozambique, The New Energy Partner to India

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As India scouts for new energy sources to sustain its economic growth, hydrocarbon-rich Mozambique today promised to provide Indian companies greater access to various oil, gas and coal exploration projects besides seeking fresh impetus to bilateral trade ties .

Source:  ET

SNP Insights

Mozambique being a country strategically placed near to India, import of coal or transportation of LNG vessel is comparatively easier. With India's energy need rising & Mozambique having the potential to be largest LNG exporter, bilateral tie up between the two country can be a win-win case for both. Yet lack of skilled labour, unavailability of reliable geological data & poor inland transportation network might pose the challenge for Indian companies to operate. It will be interesting to see, how Indian companies are tackling the challenges & exploring energy resources from the South African country, which will be a major breakthrough for energy security of India.

Source: SNP Infra Research