ONGC told the Indian stock exchange that reports in India’s “Financial Express” were groundless.
Indian state-owned oil and gas company Oil and National Gas Corp. (ONGC) Videsh (OVL) has notified the National Stock Exchange of India in Mumbai that it has no intentions of investing in Israel’s offshore Leviathan gas field. ONGC said, “ONGC Videsh is currently not pursuing any stake in the Leviathan field off Israel coast. Further, no inputs were provided by ONGC Videsh which has led to the referred cited news in Financial Express.”
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Last month, Indian financial newspaper “The Financial Express” reported that ONGC Videsh was interested in Leviathan, which is estimated to contain 21.93 trillion cubic feet of gas.
Published by Globes [online], Israel business news – www.globes-online.com