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Mozambique's Oil & Gas Sector: Promising Opportunities for Indian Companies

News: 

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. Mozambique is estimated to have 200 trillion cubic feet of off-shore gas reserves and has the potential to become a leading LNG producer globally on par with Qatar and Australia.

Source: ET

SNP Insight:

Mozambique's estimated 200tcf offshore gas reserves presents huge opportunities for Indian companies to secure their portfolios abroad with hands on experience in different geography. Also it can also emerge as a probable solution to India's enormous natural gas needs. However potential back drops like inadequate infrastructure and logistics pose a challenge for developments to take place. 

Source: SNP Infra Research