Ennore LNG terminal to help Indian Oil fast-track city gas project
New Delhi: India’s first east coast LNG import terminal at Ennore in Tamil Nadu will help Indian Oil Corp (IOC) fast-track its city gas distribution plans, according to Wood Mackenzie.
The 5 million-tonne-per-annum (MTPA) liquefied natural gas (LNG) import and regasification terminal, built by IOC at a cost of ₹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.
