Try GOLD - Free
Japan's Mitsui to Run ONGC's Ethane Carriers
Millennium Post Delhi
|New Delhi 08September2025
ONGC has partnered with Mitsui to build, own & operate two VLECs, with discussions ongoing on the equity structure of the proposed joint venture
-
NEW DELHI: Japanese shipping giant Mitsui O.S.K. Lines (MOL) will operate two very large ethane carriers (VLECs) for state-owned Oil and Natural Gas Corporation (ONGC), which is planning to import petrochemical feedstock for its subsidiary ONGC Petro Additions Ltd (OPaL), according to sources.
ONGC has partnered with Mitsui to build, own and operate the two VLECs, with discussions ongoing on the equity structure of the proposed joint venture. Two people with direct knowledge of the matter said Mitsui is likely to hold a majority stake in the vessels, which are expected to be constructed in South Korean shipyards. The final equity share will depend on ONGC's investment appetite.
This story is from the New Delhi 08September2025 edition of Millennium Post Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Millennium Post Delhi
Millennium Post Delhi
JAL JEEVAN MISSION Rural taps till 2028
The Union Cabinet on Tuesday approved the extension of Jal Jeevan Mission up to December 2028 with an enhanced outlay of Rs 8.7 lakh crore for the rural drinking water supply project which will now shift focus from infrastructure creation to citizen-centric service delivery.
2 mins
New Delhi 11March2026
Millennium Post Delhi
LPG SHORTAGE: Pan-India restaurants brace for impact
Govt rejigs gas allocation; LPG, CNG, piped cooking gas get top priority
4 mins
New Delhi 11March2026
Millennium Post Delhi
MONTHS AFTER OPS CHAOS, INDIGO CEO ELBERS QUITS
NEW DELHI: IndiGo CEO Pieter Elbers resigned on Tuesday, citing personal reasons, and the country’s largest airline has relieved him with immediate effect, a development that comes three months after massive operational disruptions triggered widespread public outrage and regulatory actions.
2 mins
New Delhi 11March2026
Millennium Post Delhi
Bengal SIR: SC orders forming tribunals to hear voter exclusion appeals
'No new mandatory requirement should be introduced without HC CJ approval'
2 mins
New Delhi 11March2026
Millennium Post Delhi
LPG output up 10%
Centre has taken steps to ensure the supply of domestic gas as there is growing concern about the supply of gas from global markets. This was disclosed on Tuesday that the supply of LPG from the refineries in the country has already increased by about 10 per cent.
1 min
New Delhi 11March2026
Millennium Post Delhi
India no. 2 in global arms imports
NEW DELHI: India ranked as the world’s second-largest importer of arms and military equipment between 2021 and 2025, with Russia accounting for the largest share of its imports, Swedish think tank SIPRI said in a new report on Monday.
2 mins
New Delhi 11March2026
Millennium Post Delhi
Be fair, ignore govt pressure: Oppn tells Speaker Om Birla
Opposition members in Lok Sabha on Tuesday said that they want Speaker Om Birla to conduct the House proceedings \"fairly\" and without succumbing to \"pressure\" from the government.
4 mins
New Delhi 11March2026
Millennium Post Delhi
DAY 10: Iran attacks Israel, Gulf countries
Trump dials Putin, discusses Iran, Ukraine
4 mins
New Delhi 11March2026
Millennium Post Delhi
'Disheartened' Lakshya down, but not out
Lakshya
1 min
New Delhi 11March2026
Millennium Post Delhi
In company of greats
Feels good to join the elite company of Rohit and Dhoni: Suryakumar
2 mins
New Delhi 11March2026
Listen
Translate
Change font size