ONGC Discovers Natural Gas in Mahanadi Basin
· Business · ANI, Economic Times
Oil and Natural Gas Corporation (ONGC) has discovered natural gas reserves in the deep waters of the Mahanadi Basin off the coast of Odisha. Union Minister Hardeep Singh Puri described the find as a significant milestone for India's offshore energy exploration efforts. The discovery is expected to bolster domestic energy production and reduce reliance on imports. Further assessments are underway to determine the commercial viability and scale of the gas reserves.
Why it matters
This discovery could increase India's domestic gas supply, potentially lowering energy costs and strengthening the country's energy security.
Read the original report — ANI
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