IOC, GAIL to pay Adani 5% more charge than their own LNG terminal: Pradhan


IOC, GAIL to pay Adani 5% more charge than their own LNG terminal: Pradhan

State-owned Indian Oil Corp (IOC) and GAIL India will pay Adani Group 5 per cent more in hiring charges for using the private firm’s upcoming LNG import facility at Dhamra in Odisha than their own similar terminal, Oil Minister Dharmendra Pradhan said on Monday.

India’s largest oil firm IOC, which recently commissioned a 5 million tonne liquefied natural gas (LNG) import terminal at Ennore in Tamil Nadu, as well as gas utility GAIL have “both technical and financial capability to develop their own LNG terminal,” he told the Lok Sabha.

The two firms have, however, hired capacity in Adani’s under-construction LNG import terminal at Dhamra. Read More

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