Bharat Petroleum Corporation Ltd (BPCL) on Thursday said the Mozambique LNG project has reached approximately 42 per cent completion, with over 6,000 personnel currently deployed at the site following the lifting of force majeure in November 2025.
The project, located in Offshore Area 1 Concession in Mozambique and operated by TotalEnergies, carries an estimated investment of around $20 billion. BPCL holds a 10 per cent participating interest through its step-down subsidiary Bharat PetroResources Ltd (BPRL). Indian consortium partners include ONGC Videsh Ltd and Oil India Ltd.
Intensive remobilisation of equipment and personnel is underway, with the company stating the project remains on its planned development trajectory.
BPCL’s Director (Finance), VRK Gupta, said diversification of supply sources and strengthening global partnerships remain central to the company’s long-term strategy, in line with India’s goal of transitioning to a gas-based economy.
The update comes as global energy markets continue to face volatility from geopolitical disruptions and supply-side constraints. BPCL positioned the project’s resumed activity as part of broader efforts to expand supply bases beyond traditional energy hubs, reducing dependence on any single corridor or region.
Once operational, the project is expected to contribute to global LNG availability and support India’s growing energy demand. BPCL, a Maharatna public sector undertaking and Fortune Global 500 company, operates refineries in Mumbai, Kochi and Bina with a combined refining capacity of around 3.53 crore tonnes per annum.
The company has separately set a target of achieving net zero emissions in Scope 1 and Scope 2 by 2040.