five million tonnes per annum liquefied natural gas (LNG) terminal on east coast
at Tuesday, August 30, 2011
IOC plans second LNG terminal on east coast
(Courtesy: Financial Chronicle, New Delhi, August 29, 2011)
IndianOil (IOC) mulls setting up its second five million tonnes per annum liquefied natural gas (LNG) terminal on east coast. The public sector refiner is in talks with global LNG suppliers such as Gazprom, RasGas and ExxonMobil to secure natural gas supplies for its two terminals.
“We are actively working for setting up an LNG terminal on east coast,” IOC’s director for planning and business development, AMK Sinha, said in an interview. The company is carrying out initial studies, but yet to finalise a location for the terminal, Sinha said. According to the plan, IOC may start work on the terminal by 2013.
