OIL AND NATURAL GAS CORPORATION LTD. (ONGC)

May 24, 2022

Oil and Natural Gas Corporation Ltd. (ONGC) has become the first Exploration and Production (E&P) company in India to trade domestic gas on Indian Gas Exchange.

About:

The first online trade was made on 23 May 2022 by ONGC Director (Onshore) In-charge Marketing on India’s first automated national level Gas Exchange, IGX.
The gas traded is from ONGC Krishna Godavari 98/2 block.

Do you know?

The Oil and Natural Gas Corporation (ONGC) is an Indian oil and gas explorer and producer.
It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India.
Its headquarters is situated in New Delhi.
ONGC was founded on 14 August 1956 by the government of India.
It was conferred with 'Maharatna' status by the Government of India in November 2010.
On Jan 30th 2018, ONGC acquired the entire 51.11% stake of Hindustan Petroleum Corporation Limited (HPCL).

Source : PIB