MoU between Oil India & MGL
Oct 6th, 2025 8:44 pm | By ThenewsmanofIndia.com | Category: LATEST NEWS
Oil India (OIL), a Maharatna public sector enterprise with integrated capabilities across the oil and gas value chain, and Mahanagar Gas Limited (MGL), one of India’s leading City Gas Distribution companies, signed a Memorandum of Understanding (MoU) on 6th October 2025. The MoU was signed by ED (BD), OIL and VP (BD, BIS, Commercial & STU), MGL in the presence of Director (Operations) and Director (HR), OIL, and the Managing Director, MGL. OIL has an expansive hydrocarbon exploration and development programme with plans to significantly ramp up gas production, alongside a defined roadmap for advancing clean energy projects. MGL, having successfully forayed into the LNG value chain, operates LNG retail stations and is actively pursuing other clean energy initiatives. Under the MoU, the two organisations will collaborate to explore opportunities across the LNG value chain and in emerging clean energy areas.Speaking on the occasion, Director (Operations), OIL, said, “The collaboration will focus on assessing technical and commercial viability of LNG in the heavy-duty transport segment and on exploring projects in clean energy. Our objective is to take feasible pilots to commercial scale.” Managing Director, MGL, said, “This collaboration with OIL will help accelerate adoption of cleaner fuels in the long-haul transport sector. It will enable corporates to move towards greener logistics solutions and contribute to reducing the overall pollution footprint.”