Indian Oil Corporation (IOC) is reportedly planning to increase capacity of Liquified Natural Gas (LNG) at Petronet LNG’s Dahej terminal by additional 1 million tonnes per annum (MTPA). This comes in addition to the 1 MTPA 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.
The company’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.