Oil India Limited (OIL) has signed a Memorandum of Understanding (MoU) with GAIL (India) Limited to strengthen cooperation across the natural gas value chain. The collaboration aims to unlock synergies and expand access to cleaner energy. The MoU was signed in the presence of key government officials, emphasizing the importance of natural gas in India’s energy transition and economic growth.
Partnership for Natural Gas Development
Oil India (OIL) and GAIL (India) Limited have formalized a strategic partnership through a Memorandum of Understanding (MoU). Signed on September 30, 2025, the agreement focuses on strengthening cooperation within the natural gas sector and boosting access to cleaner energy solutions across the nation.
Key Objectives of the Collaboration
The primary goal of this MoU is to leverage the strengths of both OIL and GAIL to enhance the natural gas value chain. This includes optimizing domestic gas availability and ensuring seamless distribution to meet growing demand across India. The initiative aligns with the government’s vision of transitioning towards a gas-based economy, enhancing national energy security, and promoting sustainable energy solutions.
Statements from Leadership
During the signing, the Secretary, Ministry of Petroleum & Natural Gas (MoPNG), highlighted the MoU as a crucial step in enhancing domestic gas accessibility. The CMD of GAIL emphasized that this collaboration would bolster national energy security and support the government’s vision for cleaner energy. The CMD of OIL noted the significance of leveraging OIL’s upstream strengths alongside GAIL’s expertise in marketing and gas distribution, aiming to accelerate the country’s progress towards a gas-based economy.
Source: BSE
