ExxonMobil India LNG signs MoU with IOCL
MUMBAI : ExxonMobil India LNG Limited, an affiliate of ExxonMobil, has signed a Memorandum of Understanding with Indian Oil Corporation Ltd. (IndianOil), to expanding its liquefied natural gas (LNG) business initiatives in the country.
“The companies together will focus on exploring new models of delivering cost-effective natural gas in India where it is most needed to complement traditional pipelines,” said ExxonMobil in a press statement.
“What really matters is how we accelerate India’s access to affordable, cleaner energy,” said Bill Davis, Lead Country Manager, South Asia, ExxonMobil. “We see great potential here, and are delighted to join forces with IndianOil to unlock lasting value for India,” he added.
