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. Express News Service CHENNAI: The government will also set up a committee comprising representatives from all three states in order to finalise details on how much revenue it expects to generate through LNG-based power generation by 2022, said
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. The government will also set up a committee comprising representatives from all three states in order to finalise details on how much revenue it expects to generate through LNG-based power generation by 2022, said