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Indian Oil To Continue Importing Two LNG Cargoes A Month

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Indian Oil To Continue Importing Two LNG Cargoes A Month

IOC will use its import capacity in the expanded terminal to continue importing LNG.


New Delhi: Indian Oil Corporation (IOC) will continue importing at least two liquefied natural gas (LNG) cargoes a month after the expansion of the Dahej import terminal on the country's west coast, a top company executive said.

Terminal operator Petronet, which is also India's biggest single LNG importer, expanded the Dahej plant's import capacity by 50 per cent to 15 million tonnes a year.

IOC will use its import capacity in the expanded terminal to continue importing LNG, said D Sen, the company's business development director.

Indian Oil purchased two LNG cargoes last week in a tender process, traders said.
© Thomson Reuters 2016


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