ONGC on Monday said it has signed another memorandum of understanding (MoU) with Japan’s Mitsui & Co, Ltd.
“The MoU provides for cooperation in exploration and production for conventional and unconventional petroleum and natural gas opportunities in India and in third countries,” ONGC said in a statement.
In August 2012, ONGC and Mitsui had entered into an MoU for wide-ranging cooperation in the gas and liquefied natural gas (LNG) business. Later in March 2013, Mitsui had entered into another MoU with ONGC, BPCL and New Mangalore Port Trust for the feasibility study of an LNG terminal at Mangalore.