State-run ONGC is planning to establish 5 million tonne (MT) liquefied natural gas (LNG) terminal at Mangalore in Karnataka. In this regard, the company, along with Bharat Petroleum Corporation (BPCL) and Mitsui Group of Japan will invest about $1 billion.
Way back in 2005, the company had made an attempt to foray into LNG sector by setting up a terminal which failed. At present, ONGC is in talks with New Mangalore Port Trust for a location in the region.
The operational LNG terminals in India include Petronet LNG’s 10 MT terminal at Dahej in Gujarat, Shell’s 3.6 MT Hazira and Ratnagiri Gas and Power Pvt Limited’s (RGPPL) 5 MT facility at Dabhol in Maharashtra, while Petronet’s Kochi terminal is set to be commissioned soon.
