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

FPJ BureauUpdated: Monday, June 24, 2024, 04:06 PM IST
article-image

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 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.

RECENT STORIES

School of Advanced Sciences, VIT-AP University and University of Southern Denmark jointly organize...

School of Advanced Sciences, VIT-AP University and University of Southern Denmark jointly organize...

Director General Railway Health Services inspects CR’s Bharat Ratna Dr Babasaheb Ambedkar Memorial...

Director General Railway Health Services inspects CR’s Bharat Ratna Dr Babasaheb Ambedkar Memorial...

HSNC University, Mumbai Organises a Special Seminar on Cyber Crime Alert in Association with the...

HSNC University, Mumbai Organises a Special Seminar on Cyber Crime Alert in Association with the...

ICSI-WIRC Celebrates Student Month July-2024

ICSI-WIRC Celebrates Student Month July-2024

Prabhat Ranjan Assumes Charge as Additional General Manager, Central Railway

Prabhat Ranjan Assumes Charge as Additional General Manager, Central Railway