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IOC plans to raise additional capacity at Petronet’s LNG terminal: Report

13 May 2017 Evaluate

Indian Oil Corporation (IOC) is reportedly planning to add additional capacity of 1 million tonnes per annum (MTPA) or Liquified Natural Gas (LNG) at Petronet LNG’s Dahej terminal, which is being expanded from existing 15 MTPA capacity to 17.5 MTPA.

This comes in addition to the one million tonnes per annum of capacity IOC booked in the proposed Floating Storage and Re-gasification Unit (FSRU) terminal of Swan Energy at Jafrabad on Saurashtra coast in Gujarat.

IOC’s emphasize on gas marketing is evident from the company’s LNG plans as it is also in talks with Gujarat government's Gujarat State Petroleum Corporation (GSPC) for picking up stake in its upcoming Mundra LNG terminal.

Peers
Company Name CMP
Reliance Industries 1178.80
Indian Oil Corpn. 130.20
Bharat PetroleumCorp 295.60
HPCL 342.15
MRPL 164.10
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