ONGC eyes R-LNG entry, strengthens diversification with focus on gas and renewables

As India’s natural gas demand continues to rise, Oil and Natural Gas Corporation (ONGC) is preparing to enter the regasified liquefied natural gas (R-LNG) sector, marking a strategic shift in its diversification plans. The move comes in line with the government’s target to increase the share of natural gas in the country’s energy mix from 7% to 15% by 2030.