The state-owned Oil and Natural Gas Corporation and Indian Oil Corporation have agreed to build a small-scale liquefied natural gas plant near the Hatta gas field in Madhya Pradesh. The Oil and Natural Gas Corporation (ONGC) said that the memorandum of understanding (MoU) was signed on June 17.
It made a gas discovery in the Vindhyan basin. Its gas will be transformed into liquefied natural gas (LNG), which will be transported to consumers via trucks.
"The establishment of the Hatta LNG plant will significantly enhance the Vindhyan Basin's status, upgrading it from a Category II to a Category I Basin," it said.
India's sedimentary basins, which cover 3.4 million square kilometers, are classified into three categories: Category I, which has hydrocarbon reserves and is already producing; Category II, which has contingent resources pending commercial production; and Category III, which has potential resources awaiting discovery.
"The plant will utilise cutting-edge technology to produce LNG, a cleaner alternative to traditional fossil fuels, significantly reducing carbon emissions and aligning with India's climate change mitigation goals," ONGC said.
According to ONGC, the discovery at Hatta marks the culmination of five decades of relentless exploration efforts.
"ONGC has already submitted its field development plan (FDP) to the Directorate General of Hydrocarbons (DGH) to monetise its assets in the Hatta area," the statement said.
"As the nation advances on its path to energy self-sufficiency, the Hatta LNG plant will stand as a symbol of innovation, collaboration, and unwavering commitment to a greener tomorrow."
