Indian Oil Corp (IOC) plans to begin work on a liquefied natural gas terminal at Ennore in the east coast by the end of 2013, the company’s chairman said on Tuesday.
The company is in process of tying up customers for the Ennore LNG terminal, which is likely to be ready in 2016/17, Reuters cited the company’s head of business development, A. M. K. Sinha, as saying.
IOC is in negotiations with global firms including Gazprom to source gas for the LNG terminal, he added.
India’s largerst LNG importer, Petronet LNG, recently asked IOC to drop plans to build the Ennore LNG terminal.
Petronet’s CEO A K Balyan wrote to IOC Chairman R S Butola, saying use of the Kochi and Gangavaram facilities would be better utilisation of capital than building new terminals.
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LNG World News Staff, August 14, 2013; Image: Ennore Port