Oil India Limited (OIL), a Maharatna public sector enterprise, has inked a significant agreement with Mahanagar Gas Limited (MGL) to collaborate in the Liquefied Natural Gas (LNG) sector. This strategic partnership, formalized through a Memorandum of Understanding (MoU) on October 6, 2025, aims to explore opportunities across the LNG value chain and venture into emerging clean energy areas.

Key Highlights of the Collaboration

• Signatories: The MoU was signed by ED (BD) of OIL and VP (BD, BIS, Commercial & STU) of MGL.
• Witness: The signing ceremony was attended by Oil India's Director (Operations) and Director (HR), along with MGL's Managing Director.
• Focus Areas:
  • Exploring LNG value chain opportunities
  • Assessing technical and commercial viability of LNG in heavy-duty transport
  • Investigating clean energy projects

Company Profiles

Strategic Implications

This collaboration between Oil India and MGL is poised to accelerate the adoption of cleaner fuels in the long-haul transport sector. It aligns with the growing trend of corporates moving towards greener logistics solutions, contributing to a reduction in overall pollution footprint.

Oil India's Director (Operations) emphasized the partnership's focus on assessing the viability of LNG in heavy-duty transport and exploring clean energy projects. The objective is to scale up feasible pilot projects to commercial operations.

MGL's Managing Director highlighted that this collaboration would enable corporates to transition towards more environmentally friendly logistics solutions, thereby reducing their carbon footprint.

As both companies bring their unique strengths to the table, this partnership has the potential to drive significant advancements in the LNG sector and clean energy initiatives in India. Investors and industry watchers will be keen to observe how this collaboration unfolds and its impact on the broader energy landscape in the country.

Note: This article is based on the press release dated October 6, 2025, as per the regulatory filing under SEBI (LODR) Regulations, 2015.

Oil India Limited has taken a significant step towards enhancing its presence in the natural gas sector by signing a Memorandum of Understanding (MoU) with GAIL (India) Limited. The partnership, formalized on September 30, 2025, aims to strengthen cooperation across the natural gas value chain and unlock synergies for expanding access to cleaner energy throughout India.

Collaboration Across the Natural Gas Value Chain

The MoU, signed in New Delhi, marks a strategic alliance between two major players in India's energy sector. Oil India, known for its upstream operations, and GAIL, with its expertise in marketing and gas distribution infrastructure, are set to combine their strengths to accelerate the country's progress towards a gas-based economy.

High-Level Support and Execution

The agreement was executed by the Director (Marketing) of GAIL and the Director (Operations) of Oil India. The signing ceremony was attended by several high-ranking officials, including:

• Secretary, Ministry of Petroleum & Natural Gas (MoPNG)
• Additional Secretary, MoPNG
• Joint Secretary (Gas Projects), MoPNG
• Chairman and Managing Director of GAIL
• Chairman and Managing Director of Oil India

Government Vision and Energy Transition

The Secretary of the Ministry of Petroleum & Natural Gas emphasized the timeliness of this collaboration, stating that it is a crucial step towards enhancing domestic gas availability and ensuring its seamless access to demand centers across India. The partnership aligns with the government's vision of transitioning to a gas-based economy and accelerating the country's energy transition.

Strategic Implications

The collaboration between Oil India and GAIL is expected to have far-reaching implications for India's energy landscape:

1. Enhanced Energy Security: By leveraging OIL's upstream capabilities and GAIL's distribution network, the partnership aims to bolster national energy security.

2. Expanded Natural Gas Access: The alliance is set to play a pivotal role in expanding access to natural gas across the country.

3. Cleaner Energy Push: In line with the government's sustainability goals, this partnership supports the vision of providing cleaner, sustainable energy for all.

4. Value Creation: Both companies anticipate creating value for all stakeholders through this strategic collaboration.

Leadership Perspectives

The Chairman and Managing Director of GAIL expressed confidence that the collaboration would contribute significantly to enhancing national energy security and expanding access to natural gas. Similarly, the Chairman and Managing Director of Oil India highlighted the MoU as a significant step in leveraging OIL's upstream strengths alongside GAIL's proven expertise.

This strategic partnership between Oil India and GAIL represents a major development in India's natural gas sector, potentially reshaping the landscape of energy distribution and utilization in the country. As both companies work together to harness their respective strengths, the collaboration is poised to play a crucial role in India's journey towards a more sustainable and efficient energy future.