New Delhi, the State Petroleum and Natural Gas Corporation and the Indian Petroleum Corporation have signed an agreement to set up a small-scale liquefied natural gas plant near the Hatta gas field in Madhya Pradesh.
The memorandum of understanding (MoU) was signed on June 17, the Oil and Natural Gas Corporation (ONGC) said in a statement.
It has a gas discovery in the Vindhyan basin. The resulting gas will be converted into liquefied natural gas (LNG) for transport by trucks to consumers.
"The establishment of the Hatta LNG plant will significantly improve the status of the Vindhyan basin, upgrading it from category II to category I," he said.
India's sedimentary basins, covering a total area of 3.4 million square kilometers, are divided into three categories: Category I, which has hydrocarbon reserves and is already producing; Category II that have contingent resources pending commercial production, and Category III with prospective resources awaiting discovery.
"The plant will use cutting-edge technology to produce LNG, a cleaner alternative to traditional fossil fuels, which will significantly reduce carbon emissions and align with India's climate change mitigation goals," ONGC said.
The discovery at Hatta, ONGC said, represents the culmination of five decades of sustained exploration efforts.
"ONGC has already submitted its field development plan (FDP) to the Directorate General of Hydrocarbons (DGH) to monetize its assets in Hatta area," the statement said.
The 'non-binding MoU' for a technology demonstration of a small-scale LNG plant in Hatta, Madhya Pradesh, between ONGC and Indian Oil Corporation (IOC) is a step towards a sustainable future, he added.
"As the nation moves forward on its path toward energy self-sufficiency, the Hatta LNG plant will be a symbol of innovation, collaboration and unwavering commitment to a greener tomorrow."
The memorandum of understanding (MoU) was signed on June 17, the Oil and Natural Gas Corporation (ONGC) said in a statement.
It has a gas discovery in the Vindhyan basin. The resulting gas will be converted into liquefied natural gas (LNG) for transport by trucks to consumers.
"The establishment of the Hatta LNG plant will significantly improve the status of the Vindhyan basin, upgrading it from category II to category I," he said.
India's sedimentary basins, covering a total area of 3.4 million square kilometers, are divided into three categories: Category I, which has hydrocarbon reserves and is already producing; Category II that have contingent resources pending commercial production, and Category III with prospective resources awaiting discovery.
"The plant will use cutting-edge technology to produce LNG, a cleaner alternative to traditional fossil fuels, which will significantly reduce carbon emissions and align with India's climate change mitigation goals," ONGC said.
The discovery at Hatta, ONGC said, represents the culmination of five decades of sustained exploration efforts.
"ONGC has already submitted its field development plan (FDP) to the Directorate General of Hydrocarbons (DGH) to monetize its assets in Hatta area," the statement said.
The 'non-binding MoU' for a technology demonstration of a small-scale LNG plant in Hatta, Madhya Pradesh, between ONGC and Indian Oil Corporation (IOC) is a step towards a sustainable future, he added.
"As the nation moves forward on its path toward energy self-sufficiency, the Hatta LNG plant will be a symbol of innovation, collaboration and unwavering commitment to a greener tomorrow."
