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IOC aims 13.5 MT LNG import capacity in five years: Report

30 Oct 2017 Evaluate

Indian Oil Corporation (IOC) is reportedly aiming to have 13.5 million tonnes (MT) of liquefied natural gas (LNG) import capacity in five years. The company is also looking at signing a long-term LNG supply deal. The company currently has a sourcing agreement for long-term supplies of 0.7 MT from the Cameron LNG Project in the United States. The supply from the project will begin by end of 2018.

Indian Oil Corporation (IOC)  is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Peers
Company Name CMP
Reliance Industries 1187.50
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 297.25
HPCL 343.55
MRPL 169.30
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