State-run Oil and Natural Gas Corporation (ONGC) and Shell Energy India have signed a non-binding memorandum of understanding (MoU) to explore opportunities in deepwater and ultra-deepwater oil and gas exploration as well as liquefied natural gas (LNG) sourcing.
The agreement included a framework for the two companies to assess potential areas of cooperation across India's energy sector. It does not commit either side to a specific investment or project.
