Oil & Natural Gas Corporation (ONGC), India's state-owned oil and gas giant, is pursuing a multi-faceted strategy to expand its operations and secure diverse energy sources.

US Ethane Purchases

ONGC executives have announced plans to purchase 0.6-0.8 million tons of ethane annually from the United States for a petrochemical project. This move signifies the company's efforts to diversify its feedstock sources and strengthen its petrochemical operations.

Russian Oil Procurement

The company has stated that its refineries will continue purchasing Russian oil as long as prices remain affordable. ONGC noted that there is currently no government advisory against Russian oil purchases, allowing them to maintain this procurement strategy.

Strategic Expansion Plans

ONGC is also setting its sights on expanding its global footprint through strategic acquisitions in foreign oil and gas projects. This move signals the company's ambition to strengthen its international presence and diversify its portfolio beyond domestic operations.

Focus on Fair Pricing

While ONGC is actively seeking opportunities abroad, the company is not willing to pursue acquisitions at any cost. An executive stressed the importance of fair pricing in these potential deals, indicating a prudent approach to international expansion.

Implications for ONGC's Global Strategy

These announcements underscore ONGC's commitment to strategic growth in the global oil and gas sector. By targeting foreign assets and diversifying its supply sources, the company aims to:

• Diversify its resource base
• Gain access to new technologies and markets
• Enhance its position in the international energy landscape
• Secure cost-effective feedstock for its operations

Cautious Approach

The emphasis on fair pricing and affordable procurement suggests that ONGC is taking a measured approach to its expansion and operational plans. This strategy could help the company optimize its costs and ensure that any acquisitions or purchases add value to its portfolio.

As ONGC moves forward with its plans, industry observers will be watching closely to see how these strategies unfold and impact the company's future growth trajectory and its role in the global energy market.

Oil & Natural Gas Corporation (ONGC) has achieved a significant milestone in its Discovered Small Field (DSF-II) monetisation efforts by commencing gas sales from the Chinnewala Tibba field in Rajasthan's Rajasthan Kutch Onland Exploratory Asset (RKOEA).

Key Highlights

• ONGC has started supplying 1 lakh standard cubic meters of gas per day (LSCMD) to Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL).
• The gas sales began on August 25, 2025, marking a crucial step in the company's DSF-II monetisation strategy.
• The Chinnewala Tibba block, covering an area of 73 sq. km, is located in Western Rajasthan, close to the Indo-Pak international border.

Strategic Importance

This development is of strategic importance for several reasons:

1. Energy Security: The commencement of gas sales from Chinnewala Tibba contributes to India's energy security by enhancing domestic production.
2. Regional Development: The gas supply to RRVUNL's Ramgarh facility will support the region's growing energy requirements.
3. Efficient Resource Monetisation: This project demonstrates ONGC's focus on efficient resource monetisation under the DSF framework.

Collaborative Effort

The successful launch of gas sales from Chinnewala Tibba is the result of close collaboration between multiple stakeholders:

• ONGC
• Directorate General of Hydrocarbons (DGH)
• GAIL
• Oil India Limited (OIL)
• Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL)

This cooperation ensured smooth integration of gas supplies into the regional power grid.

Official Inauguration

The inauguration ceremony was attended by senior ONGC officials, including:

• Shri Arunangshu Sarkar, Director (Strategy & Corporate Affairs)
• Shri Om Prakash Sinha, Director (Exploration)

The officials emphasized that this achievement reaffirms ONGC's role as a trusted partner of the Government of India in achieving national energy objectives.

ONGC's successful commencement of gas sales from the Chinnewala Tibba field demonstrates the company's commitment to enhancing domestic energy production and its ability to efficiently monetize resources under the Discovered Small Field framework. This development is expected to have a positive impact on the region's energy landscape and contribute to India's overall energy security goals.