ONGC Videsh keen on buying stake in Russia's Sakhalin block

摘要

ONGC Videsh Ltd. (OVL), the overseas arm of Oil and Natural Gas Corp (ONGC), has once again expressed interest in taking at least 20% stake in the Sakhalin-3 oil and gas fields and importing liquefied natural gas (LNG) from Russia. OVL has been since 2006 raising the issue of stake in the Far East Russian oil and gas fields, but Russia is yet to respond favourably. OVL is keen on replicating its 20% stake in Exxon Mobil-operated Sakhalin-1 oil and gas fields in the upcoming Sakhalin-3 project.