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ONGC Inks Pact With Japan's Mitsui OSK For Ethane Carriers
Millennium Post Delhi
|Delhi 04 July 2025
ONGC said it signed a Heads of Agreement with Mitsui to enter into a partnership to build, own & operate two very large ethane carriers
NEW DELHI: State-owned Oil and Natural Gas Corporation (ONGC) has signed an agreement with Japan's Mitsui OSK Lines to enter into a partnership to build two very large ethane carriers that will be used to import petrochemical feedstock for its subsidiary.
In a regulatory filing, ONGC said it signed a Heads of Agreement on Thursday with Mitsui "to enter into a partnership to build, own and operate two very large ethane carriers (VLECs).
It, however, did not give financial details of the partnership, including the equity stake the two firms would hold.
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