New Delhi, Nov. 12 -- ONGC Videsh Ltd (OVL) on Wednesday said a force majeure at its $20-billion Mozambique LNG venture has been lifted, setting the stage for resuming construction work. The force majeure was imposed in 2021 after the project came under attack by Islamic State terrorists.

The development gains significance as the project is expected to ease the supply of LNG to India and enhance energy security.

A consortium of Indian state-run companies holds a total of 30% in the TotalEnergies-operated LNG project. OVL holds 16%, BPRL Ventures Mozambique BV-a subsidiary of BPCL-holds 10% and Oil India Ltd owns 4%.

Total E&P Mozambique Area 1 Limitada, a subsidiary of TotalEnergies, holds 26.5% in the plant and is its operator. OVL ho...