ONGC and IndianOil Corporation (IOCL) signed a memorandum of understanding (MoU) to establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field, Madhya Pradesh, in the Vindhyan Basin.
The establishment of the Hatta LNG plant will enhance the Vindhyan Basin’s status, upgrading it from a Category II to a Category I Basin.
ONGC has submitted its Field Development Plan (FDP) to the Directorate General of Hydrocarbons (DGH) to monetize its assets in the Hatta area.