{"id":400483,"date":"2021-02-15T12:31:01","date_gmt":"2021-02-15T07:01:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=400483"},"modified":"2021-02-15T12:31:01","modified_gmt":"2021-02-15T07:01:01","slug":"ongc-takes-leaf-out-of-reliances-book-floats-subsidiary-to-buy-own-gas-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-takes-leaf-out-of-reliances-book-floats-subsidiary-to-buy-own-gas-2\/","title":{"rendered":"ONGC takes leaf out of Reliance&#8217;s book, floats subsidiary to buy own gas"},"content":{"rendered":"<p>Taking a leaf out of Reliance Industries Ltd&#8217;s playbook, state-owned Oil and Natural Gas Corporation (ONGC) is forming a new subsidiary for gas business that could be used to bid and buy gas from the firm&#8217;s own fields.<\/p>\n<p>The board of ONGC at its meeting on February 13 approved creation of a new wholly-owned subsidiary company for gas and liquefied natural gas (LNG) business value chain subject to necessary approvals, according to the firm&#8217;s third quarter earnings announcement.<\/p>\n<p>&#8220;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, bio-energy\/ bio-gas\/ bio methane\/ other biofuels business, etc,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taking a leaf out of Reliance Industries Ltd&#8217;s playbook, state-owned Oil and Natural Gas Corporation (ONGC) is forming a new subsidiary for gas business that could be used to bid and buy gas from the firm&#8217;s own fields. The board of ONGC at its meeting on February 13 approved creation of a new wholly-owned subsidiary company for gas and liquefied natural gas (LNG) business value chain subject to necessary approvals, according to the firm&#8217;s third quarter earnings announcement. &#8220;The company is being formed with the objective of sourcing, marketing and trading of natural gas, LNG business, Hydrogen enriched CNG (HCNG), [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-400483","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=400483"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400483\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=400483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=400483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=400483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}