BPCL to set up LNG terminal in Mozambique costing $4 billion. (BPCL, plans to explore the possibility of 6 trillion cubic feet natural gas reserves in Mozambique, Africa, and is intending to set up an LNG facility).

India's third largest refiner, BPCL, plans to explore the possibility of 6 trillion cubic feet natural gas reserves in Mozambique, Africa, and is intending to set up an LNG facility entailing a cost of $4 billion. The company plans to monetise the gas reserves in the country in association with the consortium partners. BPCL's share of the investment in the project is about $400 Million. Towards this end, the consortium has selected KBR, a global engineering, construction, and services company to conduct a pre-front-end-engineering and design study for the prospective LNG plant in the country.

Of the $400 Million investment by BPCL, the company plans to earmark 25 percent for …