Manali prime minister Narendra Modi is expected to officially open Indian Oil Corporation's ( IOCL ) INR51.51bn ( $724m ) liquefied natural gas (LNG) terminal at Kamarajar Port for storage and re-gasification of imported LNG at January 27 . Meanwhile, the commissioning of LNG terminal will also fast track the city gas distribution (CGD) for which Petroleum and Natural Gas Regulatory Board has awarded bids. IOCL has already secured off-take agreements for around two million metric tonnes (mt) of gas with seven customers, including Chennai Petroleum , Madras Fertilizers , IOCL , according to unnamed sources. Meanwhile, IOCL has won the gas distribution rights for seven cities, including Nagapattinam and Coimbatore.
Manali prime minister Narendra Modi is expected to officially open Indian Oil Corporation's ( IOCL ) INR51.51bn ( $724m ) liquefied natural gas (LNG) terminal at Kamarajar Port for storage and re-gasification of imported LNG at January 27 . IOCL has already secured off-take agreements for around two million metric tonnes (mt) of gas with seven customers, including Chennai Petroleum , Madras Fertilizers , IOCL , according to unnamed sources. Meanwhile, IOCL has won the gas distribution rights for seven cities, including Nagapattinam and Coimbatore.