ExxonMobil, IOC ink gas transport pact
NEW DELHI: Global energy major Exxon Mobil Corp and Indian Oil CorpNSE 1.13 % (IOC) have signed an agreement to help deliver natural gas in containers to Indian cities outside the pipeline network. The move can significantly increase the use of the clean fuel in the country, and deepen the rapidly growing US-India energy ties.
The US has emerged as an important energy supplier for India, with total crude oil and liquefied natural gas (LNG) imports worth an estimated $6.7 billion, officials said. Imports of the two commodities in April-December 2019 have already surpassed the shipments during the entire previous fiscal year.
