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MMTC to import LNG from the spot market

17 Apr 2015 Evaluate

In a bid to meet fuel demand of a fertiliser plant, MMTC is planning to import liquefied natural gas (LNG) from the spot market. The company wants to capitalise on international gas prices halving to about $7-8 per million British thermal unit and import LNG in ships at spot or current rates.

Further, the company will issue global tenders for import of LNG for this fertiliser unit and will look at roping in more units for supply of LNG. It will use one of the LNG import terminals on the west coast to import the fuel and then use the existing pipeline network to supply the gas to the fertiliser plants.

MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.

MMTC Share Price

66.74 -1.58 (-2.31%)
20-Apr-2026 15:31 View Price Chart
Peers
Company Name CMP
Redington 227.70
Adani Enterprises 2224.00
Amrapali Industries 17.36
Rashi Peripheral 471.55
PDS 292.70
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