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India’s top oil and gas explorer prepares for a looming glut

Summary by Carbon Copy
India’s largest explorer Oil and Natural Gas Corporation (ONGC) is seeking to diversify its business to trading liquified natural gas and growing its renewable capacity in order to shield its core business from volatile oil prices, reported the ET quoting Arunangshu Sarkar, director for strategy at the state-run giant. According to the International Energy Agency, the world is entering an era of cheaper energy prices, with growing electricity us…
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India’s top oil and gas explorer prepares for a looming glut

India’s largest explorer Oil and Natural Gas Corporation (ONGC) is seeking to diversify its business to trading liquified natural gas and growing its renewable capacity in order to shield its core business from volatile oil prices, reported the ET quoting Arunangshu Sarkar, director for strategy at the state-run giant. According to the International Energy Agency, the world is entering an era of cheaper energy prices, with growing electricity us…

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Carbon Copy broke the news in on Thursday, April 3, 2025.
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