BPCL’s arm executes LNG Sale Purchase Agreement with Mozambique LNG1
18th Feb 2019

Bharat Petroleum Corporation’s (BPCL) wholly owned subsidiary--Bharat Gas Resources has executed a long term LNG Sale Purchase Agreement with Mozambique LNG1 Company, 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 through its wholly owned step down subsidiary in the Netherlands, i.e. BPRL Ventures Mozambique BV holds 10% of share capital of Mozambique LNG1 Company.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.