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ONGC, Indian Oil Sign MoU To Establish LNG Plant

By Outlook Planet Desk June 24, 2024

Energy giants' collaborative small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field will upgrade the Vindhyan Basin’s status and reduce carbon emissions

ONGC, Indian Oil Sign MoU To Establish LNG Plant
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India's two bellwether PSUs in the energy space, ONGC and Indian Oil Corporation Limited (IOCL), have decided to join forces and set up a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin. This plant will upgrade the Vindhyan Basin’s status from Category II to Category I. 

The Hatta LNG plant will utilise advanced technology to produce LNG, a cleaner alternative to conventional fossil fuels, thus reducing carbon emissions and supporting India’s climate change objectives.

The Hatta discovery is the outcome of fifty years of exploration. A field development plan to monetise the Hatta area assets has been submitted by ONGC to the Directorate General of Hydrocarbons (DGH).

This ‘non-binding MoU’ for a technology demonstration Small Scale LNG plant at Hatta, Madhya Pradesh, signifies a strategic move towards a sustainable future. The Hatta LNG plant represents a significant step in India’s journey towards energy self-sufficiency.

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