Oil and Natural Gas Corporation (ONGC) and IndianOil Corporation Limited (IOCL) have signed a memorandum of understanding (MoU) to establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin. This initiative is set to upgrade the Vindhyan Basin from a Category II to a Category I Basin, marking a significant milestone in India’s energy sector.
The state-of-the-art Hatta LNG plant will employ advanced technology to produce LNG, a cleaner and more efficient alternative to traditional fossil fuels. This development is poised to reduce carbon emissions substantially, aligning with India’s ambitious climate change mitigation goals.
The Hatta discovery is the result of fifty years of relentless exploration efforts. ONGC has already submitted its Field Development Plan (FDP) to the Directorate General of Hydrocarbons (DGH), aiming to monetize its assets in the region. The ‘non-binding MoU’ for a Technology Demonstration Small Scale LNG plant at Hatta, Madhya Pradesh, represents a visionary step towards a sustainable and prosperous future for India.
