In addition to advising Oil and Natural Gas Corporation (ONGC) on its landmark joint ventures with Mitsui O.S.K. Lines (MOL), CAM advised ONGC in negotiating the long term 15 year time charter party agreements for 2 Very Large Ethane Carriers (VLEC) which will be used for shipping ethane from the USA to India, creating a stable, dedicated corridor for energy feedstock movement and securing the feedstock supply chain for ONGC Petro Additions Ltd (OPaL).
CAM also advised ONGC on 2 Ship Building Contracts (SBCs) to be entered by the ONGC-MOL JVs with Samsung Heavy Industries, South Korea.
The contracts were signed on January 27, 2026 at the India Energy Week at Goa in the presence of the Hon’ble Minister for Minister of Petroleum & Natural Gas, Mr. Hardeep Singh Puri.
The deal team was led by Vivek Rathore, Partner; with the assistance from Nitin Gupta, Director - Projects & Infrastructure; and Nandini Shenai, Associate.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (CAM) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm’s generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With over 1100 lawyers including 220 Partners, the Firm is a full-service law firm with offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.
The Firm has been named “Law Firm of the Year 2025” and consistently recognised as “Best Overall Law Firm” by the IBLJ Indian Law Firm Awards. It received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive year in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm also won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
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