ExxonMobil ties up with IndianOil to expand natural gas availability
ExxonMobil India LNG Ltd has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Ltd (IOC) to spread the reach of natural gas beyond existing pipeline networks.
The MoU is part of ExxonMobil’s efforts to further expanding its Liquefied Natural Gas (LNG) business in India.
“This initiative focuses on exploring new models of delivering cost-effective natural gas in India where it is most needed to complement traditional pipelines,” an ExxonMobil statement said.
Officials in the know said that the MoU aims at finding ways to move natural gas markets to parts of the country that are yet to be serviced by gas pipeline networks. “This MoU does not seek to replace pipeline networks but to complement existing networks.
