ONGC and GAIL have partnered for business growth in the sectors of natural gas and petrochemicals.
The firms will work together during the next three years for the exclusive sale of natural gas produced by ONGC from its various fields to GAIL.
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The initiative will serve as a catalyst for the effective monetisation of gas from future E&P fields of ONGC.
GAIL will provide the infrastructure and marketing tie-up for supply to potential customers.
The integrated effort of ONGC and GAIL is also expected to increase the availability of firm gas sourcing for infrastructure projects.
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By GlobalData
