New Delhi, June 21 (IANS) The Oil and Natural Gas Corp (ONGC) is bullish on its natural gas production, which is expected to clock an annual growth of 7 to 8 per cent with new wells scheduled to go on stream during the next financial year, Chairman Arun Kumar Singh has said.Singh said that ‘new well gas’ production is rising sharply and already accounts for about a quarter of total gas output, and could reach 30-36 per cent in the near term and eventually dominate ONGC’s gas portfolio as mature …
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Mumbai, April 10 (IANS) India must rethink its energy security strategy and reduce its dependence on traditional supply assumptions, especially its proximity to the Middle East, amid rising geopolitical uncertainties, ONGC Chairman and CEO Arun Kumar Singh said on Friday.Speaking at an energy security conclave organised by the Petroleum and Natural Gas Regulatory Board, the ONGC chief warned that the recent West Asia conflict, which triggered one of the biggest energy shocks in decades, has expo…