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.
Indian 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 the end of January. IOCL has already secured off-take agreements for around two million metric tonnes (mt) of gas with approximately 30 customers, including Chennai Petroleum, Madras Fertilizers, Manali Petrochemicals and Tamil Nadu Petroproducts, according to unnamed sources. Meanwhile, IOCL has won the gas distribution rights for seven cities, including Salem and Coimbatore.