ONGC to form a subsidiary for gas business
State-owned Oil and Natural Gas Corp (ONGC) today said that it will form subsidiary for its gas business.
In a regulatory filing ONGC stated,” Board has approved creation of new wholly owned subsidiary company for focusing on Gas & LNG business value chain subject to necessary approvals. ”
“The Company is being formed with the objective of sourcing, marketing and trading of natural gas, LNG business, Hydrogen enriched CNG(HCNG), gas to power business, bioenergy/bio-gas/bio methane/other bio fuels business, etc,”it further added.
