Oil & Natural Gas Corporation Limited has informed the Exchange regarding a press release dated November 12, 2025, titled "End of Force Majeure in Area 1 Mozambique LNG Project".
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ONGC has informed the stock exchange about a press release dated November 12, 2025, regarding the end of Force Majeure in the Area 1 Mozambique LNG Project. ONGC Videsh, the overseas arm of ONGC, holds a participating interest in this project located in the Rovuma Basin of Mozambique. The Force Majeure was originally declared earlier due to security concerns in the Cabo Delgado region. Its end means the project operators and partners can now resume activities and move toward restarting the LNG development that had been suspended.
This is a positive development for ONGC as it signals the potential resumption of a major overseas LNG asset that had been stalled due to security issues. Shareholders can expect progress on project restart timelines, though actual production may still take considerable time before contributing to ONGC Videsh's earnings.