HindustanTimes: Govt May Ship Home 30% Cheaper Natural Gas From Africa

As part of India’s proposed additional $6 billion (Rs 36,000 crore) investment in Mozambique’s Rovuma Area-1 gas field, the government is looking to ship home natural gas that is about 30% cheaper than the prevailing international price.

A senior official privy to the ongoing negotiations told HT that three Indian public sector companies invested in the Mozambique field were pushing for a price of $10-11 per million British thermal units (mBtu), inclusive of import duties.

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