ONGC to Take 50 per cent Stakes in Ethane Shipping JVs

  • Articles
  • Jan 08,26
Partnership with MOL to operate US–India ethane carriers
ONGC to Take 50 per cent Stakes in Ethane Shipping JVs

State-owned Oil and Natural Gas Corporation (ONGC) has announced plans to acquire a 50 per cent stake each in two joint venture companies that will own and operate ethane carriers, in partnership with Japanese shipping major Mitsui OSK Lines.

Under the agreements, ONGC will subscribe to 200,000 equity shares of Rs 100 each in Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited. Both entities are registered in GIFT City, Gandhinagar.

The Maharatna company said each joint venture will operate one very large ethane carrier under the Indian flag. The vessels will be used to transport ethane from the United States to supply ONGC Petro Additions Limited, ONGC’s petrochemicals subsidiary.

ONGC said that combining MOL’s global maritime expertise with ONGC’s regional presence and operational capabilities is expected to create value across the energy transportation and logistics value chain.

The company added that the move forms part of its broader business diversification strategy. By entering ethane shipping, ONGC aims to capitalise on emerging opportunities in energy logistics, strengthen integration across its value chain and build a strong operational presence in specialised shipping segments.

Related Stories

Auto & Auto Components
Stellantis, Tata Motors Mark 20 Years of FIAPL Partnership

Stellantis, Tata Motors Mark 20 Years of FIAPL Partnership

Stellantis and Tata Motors Passenger Vehicles celebrate 20 years of FIAPL and sign an MoU to expand collaboration in manufacturing, engineering and supply chain.

Read more
Policy Regulation
India–EU FTA: Gains on Paper, Tests on the Ground

India–EU FTA: Gains on Paper, Tests on the Ground

The India–EU Free Trade Agreement expands market access across goods, services and mobility, but its impact will hinge on regulatory alignment, carbon costs and execution, writes Rakesh Rao.

Read more
Automation & Robotics
Danfoss, PowerNEU Launch JV to Drive Decarbonisation in Metals Sector

Danfoss, PowerNEU Launch JV to Drive Decarbonisation in Metals Sector

New Danfoss PowerNEU JV in Jamshedpur strengthens local execution and decarbonisation solutions for India’s metals industry.

Read more

Related Products

Oil Mist Collector System / Oil Fumes Extraction Systems

OILS, LUBRICANTS & FILTRATION SYSTEMS

Amaricar Engineering & Systems Pvt Ltd offers a wide range of oil mist collector system / oil fumes extraction systems.

Read more

Request a Quote

Stainless Steel Hydraulic Oil Filters

OILS, LUBRICANTS & FILTRATION SYSTEMS

M T B Filter Industries offers a wide range of  stainless steel hydraulic oil filters.


Read more

Request a Quote

Mak Compressor Oils

OILS, LUBRICANTS & FILTRATION SYSTEMS

Interstate Supply Company offers a wide range of MAK compressor oils.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016