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India s ONGC to Form Unit for Gas Biz Feb 15, 2021 3:32:am Summary by: Shardul Sharma Posted in: India s ONGC to Form Unit for Gas Biz Indian state-run oil and gas explorer ONGC will form a subsidiary to focus on gas and LNG business, it said in a February 13 statement.   “Board has approved the creation of a new wholly-owned subsidiary company for focusing on gas and LNG business value chain subject to necessary approvals,” it said.  The company is being formed with the objective of sourcing, marketing and trading of natural gas, LNG business, hydrogen-enriched CNG (HCNG), gas to power business, bioenergy/bio-gas/bio methane/other bio fuels business, etc.”  

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