ONGC and Indian Oil Forge Strategic Partnership to Establish LNG Plant Near Hatta Gas Field

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ONGC and Indian Oil Forge Strategic Partnership to Establish LNG Plant Near Hatta Gas Field
ONGC and Indian Oil Forge Strategic Partnership to Establish LNG Plant Near Hatta Gas Field
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Azadi Ka Amrit Mahoutsav

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ONGC and Indian Oil Forge Strategic Partnership to Establish LNG Plant Near Hatta Gas Field

Mumbai | 21 June 2024

ONGC and IndianOil Corporation Limited (IOCL) signed a memorandum of understanding (MoU) to establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin on 17 June 2024. The establishment of the Hatta LNG plant will significantly enhance the Vindhyan Basin’s status, upgrading it from a Category II to a Category I Basin.

The MoU signing ceremony took place at Deendayal Urja Bhawan, New Delhi, attended by Director (Planning & Business Development) IOCL, Sujoy Chaudhary and Director (Exploration) ONGC, Sushma Rawat

The plant will utilize cutting-edge technology to produce LNG, a cleaner alternative to traditional fossil fuels, significantly reducing carbon emissions and aligning with India’s climate change mitigation goals.

The discovery at Hatta represents the culmination of five decades of sustained exploration efforts. ONGC has already submitted its Field Development Plan (FDP) to the Directorate General of Hydrocarbons (DGH) to monetize its assets in the Hatta area.

The ‘non-binding MoU’ for a Technology Demonstration Small Scale LNG plant at Hatta, Madhya Pradesh’ between ONGC and Indian Oil is a visionary step towards a sustainable and prosperous future for India.

As the nation advances on its path to energy self-sufficiency, the Hatta LNG plant will stand as a symbol of innovation, collaboration, and unwavering commitment to a greener tomorrow.

About Post Author

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
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