BPCL Subsidiary Signs Agreement For Long Term LNG Sale
2019-02-15 Business Deals / Tie-ups Petroleum & Natural Gas Western India
Bharat Gas Resources Limited, a wholly owned subsidiary of Bharat Petroleum Corporation Limited (BPCL) has executed a long term LNG Sale Purchase Agreement with Mozambique LNG 1 Company Pte. Ltd., a special purpose vehicle of the Mozambique Area-1 co-venturers. The sale-purchase agreement is for 1 MMTPA of LNG for a term of 15 years. BPCL's wholly owned subsidiary Bharat PetroResources Limited through its wholly owned step down subsidiary in the Netherlands, i.e. BPRL Ventures Mozambique BV holds 10% of share capital of Mozambique LNG 1 Company Pte. Ltd.