The MoU was executed by the Director (Marketing), GAIL, and Director (Operations), OIL, in the presence of senior officials including the Secretary, Ministry of Petroleum & Natural Gas (MoPNG), Additional Secretary and Joint Secretary, MoPNGas well as the CMDs of both companies.
Highlighting the importance of the partnership, the MoPNG Secretary described it as a “timely step towards enhancing domestic gas availability and ensuring seamless access to demand centres across India.” He added that collaborations such as this are key to realising the Government’s vision of a gas-based economy and accelerating India’s energy transition.CMD, GAIL, said the collaboration would strengthen national energy security, expand access to natural gas, and advance the Government’s vision of cleaner, sustainable energy for all.
Also Read: Oil India finds natural gas presence in Andaman offshore BlockCMD, OIL, described the MoU as a strategic step to leverage OIL’s upstream strengths alongside GAIL’s marketing and gas distribution expertise, aiming to create value for all stakeholders while supporting India’s transition to a gas-based economy.
Adding momentum to its gas portfolio, Oil India last week confirmed the occurrence of natural gas in its second exploratory well, Vijayapuram-2, drilled in the Andaman Shallow Offshore Block under the Open Acreage Licensing Policy.
Preliminary analysis of intermittent inflows during production testing confirmed the presence of natural gas, with further isotope studies ongoing to assess its potential as an indicator of hydrocarbon sources or accumulations.
Ahead of the announcement, Oil India shares closed at ₹414.00, down 0.78% on the NSE.
First Published: Sept 30, 2025 7:52 PM IS
