Under the MoU, the two organisations will collaborate to explore opportunities across the LNG value chain and in emerging clean energy areas. The MoU was signed on Monday
State-run Oil India (OIL) has signed a memorandum of understanding (MoU) with Mahanagar Gas (MGL) to explore opportunities in liquefied natural gas (LNG) segment.
Under the MoU, the two organisations will collaborate to explore opportunities across the LNG value chain and in emerging clean energy areas. The MoU was signed on Monday.
OIL has an expansive hydrocarbon exploration and development programme with plans to significantly ramp up gas production, alongside a defined roadmap for advancing clean energy projects.
MGL, having successfully forayed into the LNG value chain, operates LNG retail stations and is actively pursuing other clean energy initiatives.
The collaboration will focus on assessing technical and commercial viability of LNG in the heavy-duty transport segment and on exploring projects in clean energy. The objective is to take feasible pilots to commercial scale.
This collaboration with OIL will also help accelerate adoption of cleaner fuels in the long-haul transport sector. It will enable corporates to move towards greener logistics solutions and contribute to reducing the overall pollution footprint.
Last month, OIL signed a MoU with GAIL (India) to strengthen cooperation across the natural gas value chain and unlock synergies for expanding access to cleaner energy across the country.
This will help in enhancing domestic gas availability and ensuring its seamless access to demand centres across India.