{"id":400538,"date":"2021-02-15T12:15:59","date_gmt":"2021-02-15T06:45:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=400538"},"modified":"2021-02-15T13:24:44","modified_gmt":"2021-02-15T07:54:44","slug":"ongc-takes-leaf-out-of-reliances-book-floats-subsidiary-to-buy-own-gas-3","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-takes-leaf-out-of-reliances-book-floats-subsidiary-to-buy-own-gas-3\/","title":{"rendered":"ONGC takes leaf out of Reliance\u2019s book, floats subsidiary to buy own gas"},"content":{"rendered":"<p>Taking a leaf out of Reliance Industries Ltd\u2019s 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\u2019s 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\u2019s third quarter earnings announcement.<\/p>\n<p>\u201cThe 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,\u201d it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taking a leaf out of Reliance Industries Ltd\u2019s 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\u2019s 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\u2019s third quarter earnings announcement. \u201cThe 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":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-400538","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400538","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=400538"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400538\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=400538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=400538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=400538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}