ExxonMobil has signed an agreement with Indian Oil Corporation (IOCL) that will see the US supermajor extend is liquefied natural gas business in India.
The memorandum of understanding was signed early this week in New Delhi and will see the pair jointly pursue additional opportunities in the LNG sector.
“This initiative focuses on exploring new models of delivering cost-effective natural gas in India where it is most needed to complement traditional pipelines,” ExxonMobil said.
