India’s first east coast LNG import terminal at Ennore in Tamil Nadu will help state-owned Indian Oil Corp (IOC) fast-track its city gas distribution plans, said Wood Mackenzie. The 5 million tonne per annum (MTPA) liquefied natural gas (LNG) import and regasification terminal, built by IOC at a cost of Rs 5,150 crore, was commissioned earlier this week.
“IOC has already secured captive customers for 2 MTPA of capacity. The Ennore terminal will also help fast-track IOC’s city gas distribution plan, as gas from the terminal will be supplied to consumers around Chennai and Madurai,” Wood Mackenzie’s senior analyst Kaushik Chatterjee said in a report.
India plans to double its LNG import and regasification capacity to 56.5 MTPA by 2025 to meet the energy needs of a fast-growing economy. Read More