“>Oil India Limited (OIL) and GAIL (India) Limited (GAIL) on Tuesday signed a Memorandum of Understanding (MoU) to enhance collaboration across the natural gas value chain and expand access to cleaner energy across the country.
The MoU was executed by Director (Marketing), GAIL, and Director (Operations), OIL, in the presence of senior officials including the Secretary, Ministry of Petroleum and Natural Gas (MoPNG), Additional Secretary, Joint Secretary (Gas Projects), MoPNG, along with CMDs of both companies.
The Secretary, MoPNG, said the MoU is a timely step towards enhancing domestic gas availability and ensuring seamless access to demand centres across India. “Collaborations such as this between OIL and GAIL are crucial in realizing the Government’s vision of a gas-based economy and in accelerating the country’s energy transition,” he said.
CMD, GAIL, said the partnership would contribute to enhancing national energy security, expanding access to natural gas and supporting the government’s vision of cleaner energy. CMD, OIL, added that the MoU represents a step in leveraging OIL’s upstream strengths alongside GAIL’s expertise in marketing and distribution infrastructure. “This will accelerate the country’s progress towards a gas-based economy while creating value for all stakeholders,” he said
