ONGC, Shell Energy India sign MoU to explore deepwater blocks, LNG sourcing opportunities

ONGC and Shell Energy India have entered into a memorandum of understanding to collaboratively delve into potential joint ventures. Their focus will be on assessing opportunities in deepwater and ultra-deepwater oil and gas exploration, alongside investigating LNG sourcing alternatives to bolster India’s economic framework. This strategic partnership is designed to improve energy accessibility while ensuring long-term energy security for the nation.