ONGC is considering various options, including direct marketing or swap for gas from Sakhalin fields in Russia.
A senior ONGC official told Business Line that apart from the issue of pricing, the company's price negotiation committee was discussing with the Exxon Mobil consortium options to bring the gas into the country.
"We are also examining the options of either giving the entire gas (ONGC Videsh Ltd's share in Sakhalin-I) to Sakhalin-II project or selling it to buyers in Japan or China," he said.