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ONGC-Led Consortium Signs VLEC Shipbuilding Deal to Strengthen India’s Energy Security

January 28, 2026 2 min read
author Anamika Mishra, Sub Editor
In a major step towards safeguarding India’s energy supply chain, a consortium led by Oil and Natural Gas Corporation Limited (ONGC) has signed shipbuilding contracts for two Very Large Ethane Carriers (VLECs). The agreements were inked with South Korea’s Samsung Heavy Industries (SHI) on January 27, 2026, marking a crucial milestone in India’s broader push towards long-term energy self-reliance. Key Details of the Deal:Partnership: The VLECs will be owned and operated by two joint venture companies established by ONGC in collaboration with Japanese shipping major Mitsui O.S.K. Lines (MOL) at GIFT City, Gujarat. Builder:

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