ONGC and Indian Oil will together, establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.

The two PSU oil giants signed a memorandum of understanding (MoU) on 17 June 2024 for the project, according to ONGC’s press statement.

The establishment of the Hatta LNG plant will upgrade the Vindhyan Basin from a Category II to a Category I Basin, the statement read.

The plant will utilize 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, according to the statement.

ONGC said that the discovery at Hatta represents the results of five decades of exploration efforts and that it has already submitted its Field Development Plan (FDP) to the Directorate General of Hydrocarbons (DGH) to monetize its assets in the Hatta area.