Even as it charts a future roadmap with ambitious targets for increased production and a deeper foray into sustainable energy, India’s largest oil and natural gas producer is also eyeing distressed overseas assets to expand its global footprint. While current geopolitical uncertainty presents opportunities for acquisitions, ONGC will decide on overseas expansions based on pricing...
Tag: Pankaj Kumar
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Fernas mulls $1 bn LNG terminal in Gujarat
Fernas Construction India, a wholly-owned subsidiary of Turkey's Fernas Inc, plans to set up an LNG storage and re-gasification terminal in Gujarat in collaboration with Mumbai-based Swan Energy.Fernas Construction India plans to invest $1 billion (Rs 5,300 crore) over a period of four years for the proposed terminal to be set up at Okha in Jamnagar district.