ONGC Limited signed its first-ever Liquefied Natural Gas (LNG) Master Sale and Purchase Agreement (MSPA) with Emirates National Oil Company (Singapore) Pvt. Ltd. (ENOC), followed by a similar agreement with Gunvor Singapore Pte. Ltd. (Gunvor Group Ltd.) on August 9, 2024.
Marking a significant step in LNG marketing, this initiative strengthens ONGC’s vision of integrating across the energy value chain.
This move not only reinforces ONGC’s status as a leading domestic natural gas supplier but also sets the stage for its future leadership in the Regasified Liquefied Natural Gas (RLNG) market.
Together, these efforts support the Government of India’s ambition to increase natural gas usage to 15% by 2030.
