ONGC, IndianOil forge strategic partnership to establish LNG plant near Hatta Gas Field
ONGC and IndianOil Corp. Ltd. (IOCL) has 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.
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 IndianOil 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.
Related News
Related News
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vaisala seeks to remove greenwashing from carbon capture with new measurement solution
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
Comments