ONGC, Mitsui OSK Lines to Build Ethane Carriers for OPaL

August 17, 2025

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ONGC has signed a Heads of Agreement with Japans Mitsui OSK Lines to jointly build, own, and operate two very large ethane carriers (VLECs) to ensure feedstock supply for its petrochemical unit, ONGC Petro Additions (OPaL). This move anticipates Qatar’s revised LNG supply from 2028, which will exclude ethane and propane. To maintain OPaLs production, ONGC will begin importing ethane by mid-2028. It previously invested ?1,500 crore in a C2/C3 extraction plant at Dahej. The deal is subject to board approvals.

Note: The above-mentioned news was first published by us in our ProjectX India | 15th August 2025 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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