GAIL, ONGC ink Swap agreement and Gas Co-operation agreement

GAIL and ONGC inked Swap Agreement and Gas Co-operation Agreement.

As per the Gas Co-operation Agreement:

  • ONGC can sale and purchase the gas from GAIL for 3 years
  • Both the companies can supply or sale LNG by GAIL to ONGC for the reduction of C2+ Extraction at Dahej.
  • C2+ components will be supplied to ONGC Petro additions Limited (OPAL) for producing the petrochemicals at Dahej Special Economic Zone.

As per the Swap Agreement:

  • ONGC would supply gas to customers through GAIL’s infrastructure so as to boost the availability and the efficient exploitation of resources.

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Comments

  • laxman bawankule
    Reply

    A good decision taken by both Maharatna status companies on swap agreement