India to bid for natural gas blocks in Lebanon

ONGC Videsh, the overseas arm of India’s exploration and production (E&P) major ONGC Limited, will bid for natural gas exploration and development blocks in Lebanon. In a statement issued late on Monday, India’s Petroleum and Natural Gas Minister, Dharmendra Pradhan, said the proposal of an Indian bid was discussed with Lebanon’s Energy and Water Minister, following which it was decided that ONGC Videsh would participate in competitive bidding for the Lebanese natural gas assets.