Economy

IOC to continue importing two LNG cargoes a month

Reuters NEW DELHI | Updated on January 17, 2018 Published on August 31, 2016

File photo of Petronet LNG project site at Dahej, Gujarat.   -  The Hindu

Petronet expands the Dahej plant's import capacity by 50 per cent to 15 million tonnes a year.

Indian Oil Corp (IOC) will continue importing at least two liquefied natural gas (LNG) cargoes a month after the expansion of the Dahej import terminal on 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.

IOC purchased two LNG cargoes last week in a tender process, traders said.

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Published on August 31, 2016
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