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ONGC plans to invest $10-15 billion in East Coast

At present, ONGC accounts for 50% of the country's total gas requirements

T E Narasimhan  |  Chennai 

Public sector petroleum company Oil and Natural Gas Corporation (ONGC) is planning to invest $10-15 billion in East Coast. Speaking to Businesss Standard on the sidelines of L&T's hightech spool base facilities at Katupalli, near Chennai, T K Sengupta, director (offshore), ONGC, said currently the country's gas requirement was around 75 billion cubic metres a year, of which around 50 per cent was contributed by ONGC. Commenting on the project launched by L&T, he said: "For our deep water campaign, this is a very significant step because we are going towards a gas-based ...

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ONGC plans to invest $10-15 billion in East Coast

At present, ONGC accounts for 50% of the country's total gas requirements

At present, ONGC accounts for 50% of the country's total gas requirements Public sector petroleum company Oil and Natural Gas Corporation (ONGC) is planning to invest $10-15 billion in East Coast. Speaking to Businesss Standard on the sidelines of L&T's hightech spool base facilities at Katupalli, near Chennai, T K Sengupta, director (offshore), ONGC, said currently the country's gas requirement was around 75 billion cubic metres a year, of which around 50 per cent was contributed by ONGC. Commenting on the project launched by L&T, he said: "For our deep water campaign, this is a very significant step because we are going towards a gas-based ... image
Business Standard
177 22

ONGC plans to invest $10-15 billion in East Coast

At present, ONGC accounts for 50% of the country's total gas requirements

Public sector petroleum company Oil and Natural Gas Corporation (ONGC) is planning to invest $10-15 billion in East Coast. Speaking to Businesss Standard on the sidelines of L&T's hightech spool base facilities at Katupalli, near Chennai, T K Sengupta, director (offshore), ONGC, said currently the country's gas requirement was around 75 billion cubic metres a year, of which around 50 per cent was contributed by ONGC. Commenting on the project launched by L&T, he said: "For our deep water campaign, this is a very significant step because we are going towards a gas-based ...

image
Business Standard
177 22