Mangalore Refinery and Petrochemicals (MRPL) has signed a memorandum of understanding (MoU) with New Mangalore Port Trust (NMPT) to study the feasibility of setting up an LNG re-gasification terminal in Mangaluru.
This MoU will facilitate to initiate feasibility and other associated studies to identify the most suitable location for the facility, and to consider the option of setting up LNG terminal/Floating Storage Regasification Unit (FSRU). Once set up, LNG terminal will bring cleaner and greener energy as a fuel option to the entire Mangaluru region and it will be advantageous to industries using naphtha as fuel.
MRPL, a subsidiary of state-run exploration firm Oil and Natural Gas Corporation (ONGC), runs a coastal refinery in southern Karnataka state with a capacity of 300,000 bpd.
