Mozambique terror attacks: Anxiety hangs over India s LNG project
Tue, Apr 06 2021 01:50:25 PM
By Mahua Venkatesh
New Delhi,
Apr 6 (IANS): The dastardly attacks in Mozambiques Palma, a resort city close to the French energy major Total-run gas project, by terrorists linked to the Islamic State (IS) have not hit headlines in India. But the recent bloodletting in the Indian Ocean nation has huge implications for Indians and the domestic energy industry. Reason?
State owned ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) along with other foreign investors secured $14.9 billion debt to part-finance their $24.1 billion liquefied natural gas (LNG) project being built on the Afungi peninsula. The project with one of the largest investments in Africa, is led by Total. It is expected to produce 12.88 million tonnes of LNG per annum. The French company has decided to recall all its staff from the site after the attacks leading to uncertainty over execution of the project.
SADC vows to take action after deadly attacks in Mozambique 01 April 2021 - 16:49 By Lenin Ndebele Officials stand guard as a ship carrying more than 1,000 people fleeing an attack claimed by Islamic State-linked insurgents on the town of Palma, docks in Pemba, Mozambique on April 1 2021. Image: REUTERS/Emidio Jozine NO RESALES. NO ARCHIVES
The Southern African Development Community (SADC) Organ on Politics, Defence and Security has vowed to take action if the terrorist insurgency in Mozambique continues.
Last week’s attacks by Islamist militants in Palma, in the country s Cabo Delgado province, are the most serious of the now four-year insurgency which threatens the economy and peace in the coastal former Portuguese colony.
Sadc ‘ready to support’ Mozambique after attacks by Islamists
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Most Read Sadc ‘ready to support’ Mozambique after attacks by Islamists Last week’s attacks by IS militants in Palma, in Cabo Delgado province, are the most serious of the four-year-long insurgency 01 April 2021 - 17:34 Lenin Ndebele Officials stand guard as a ship carrying more than 1,000 people fleeing an attack claimed by Islamic State-linked insurgents on the town of Palma, docks in Pemba, Mozambique on April 1 2021. Picture: REUTERS/EMIDIO JOZINE.
The Southern African Development Community (Sadc) Organ on Politics, Defence and Security has vowed to take action if the terrorist insurgency in Mozambique continues.