Question
Download Solution PDFWhich company has become the first company in India to trade domestic gas on Indian Gas Exchange?
Answer (Detailed Solution Below)
Option 4 : Oil and Natural Gas Corporation Ltd.
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Detailed Solution
Download Solution PDFThe correct answer is Oil and Natural Gas Corporation Ltd.
Key Points
- Oil and Natural Gas Corporation Ltd. (ONGC) has become the first Exploration and Production (E&P) company in India to trade domestic gas on Indian Gas Exchange.
- The gas traded is from ONGC Krishna Godavari 98/2 block.
- The quantity sold by ONGC through the Gas Exchange will be enhanced slowly.
Additional Information
- The Oil and Natural Gas Corporation is an Indian oil and gas explorer and producer.
- It is under the ownership of the Ministry of Petroleum and Natural Gas and the Government of India.
- The Oil and Natural Gas Corporation:
- Headquarters: New Delhi
- Founded: 14 August 1956
- ONGC owner: Government of India (60.41%)
- Chairman & MD: Rajesh Kumar Srivastava.
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