ONGC与MOL组建乙烷运输公司

Core Viewpoint - The partnership between ONGC and MOL aims to enhance energy transportation and overall value chain efficiency through the establishment of two joint ventures focused on ethane transportation in India [1] Group 1: Joint Venture Details - ONGC and MOL have signed a joint venture agreement to establish two new entities, Bharat Ethane One IFSC and Bharat Ethane Two IFSC, in India [1] - Each joint venture will be owned 50% by ONGC and 50% by MOL, with ONGC subscribing to 200,000 shares at 100 Indian Rupees per share [1] Group 2: Operational Aspects - The joint ventures will operate one Very Large Ethane Carrier (VLEC) each, flagged under India, specifically for transporting ethane from the United States to India [1] - The transported ethane will supply ONGC's subsidiary, ONGC Petro additions Ltd., which operates a mixed feed steam cracking facility with an annual capacity of 1.1 million tons of ethylene and 400,000 tons of propylene [1] Group 3: Strategic Implications - The collaboration leverages MOL's global shipping expertise and ONGC's regional operational strengths, aiming to improve energy logistics and transportation efficiency [1] - The project has received guidance and support from India's Ministry of Petroleum and Natural Gas and the public asset management department of the Ministry of Finance, indicating strategic governmental backing for ONGC's expansion into energy logistics and specialized shipping [1]