Oil and Natural Gas Corporation Limited (ONGC) and Mitsui O.S.K. Lines (MOL) form joint venture to enter ethane shipping segment.

Exam-focused facts from the 7 January 2026 current affairs briefing.

Key facts

ONGC subscribes to 2,00,000 equity shares of ₹100 each in Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited.
Each joint venture company will own and operate one Very Large Ethane Carrier (VLEC) under the Indian flag.
The vessels will transport ethane from the United States to ONGC Petro additions Limited (OPaL), a subsidiary of ONGC.