UPDATE 1-ONGC says conditions met for $2.6 bln Imperial bid

(Adds detail, background)

By Tom Bergin

LONDON, Nov 11 (Reuters) - ONGC Videsh, the overseas arm of India's ONGC (ONGC.BO), said all conditions for its $2.6 billion bid for Imperial Energy IEC.L had been met, effectively sealing a deal investors feared might be scuppered by falling oil prices.

ONGC Videsh said in a statement that the Russian authorities had provided the last of the necessary regulatory approvals, and a spokesman said the Indian company would send offer documents to Imperial shareholders within 28 days.

Imperial shares were hit hard on Monday after a newspaper report that the Indian government was unhappy with the price state-controlled ONGC was paying, after the price of crude collapsed to $63/barrel from around $128/bbl when the bid was agreed in August.

However, its shares recovered after sources close to the matter told Reuters there had been no attempt to cut the bid price, and the Russian regulator confirmed approvals were on track.

The Indian government has charged ONGC with securing energy supplies overseas to fuel the country's fast-growing economy, and Russia is seen as an area of key focus. (Editing by Will Waterman)