Mega Movers: ONGC Anchors $370M Ethane Carrier JV with Japan’s MOL

Unknown Apr 02, 2026 1,100 Views

In a strategic leap toward petrochemical self-reliance, ONGC has partnered with Japan’s Mitsui O.S.K. Lines (MOL) to build, own, and operate two Very Large Ethane Carriers (VLECs), each capable of hauling 50 KTPA of ethane. The $370 million joint venture will ensure uninterrupted feedstock...