ExxonMobil India LNG, a subsidiary of ExxonMobil from the US, has signed a memorandum of understanding (MoU) with State-run oil refiner-marketer Indian Oil Corporation Limited (IOC) to examine liquefied natural gas (LNG) projects in the country.
“The companies together will focus on exploring new models of delivering cost effective natural gas in India where it is most needed to complement traditional pipelines,” ExxonMobil lead country manager, South Asia, Bill Davis, said in a statement.