IOC commissions INR 5,151-crore Ennore LNG terminal

07 January 2019

Indian Oil Corp (IOC), the nation's biggest oil firm, stated that it will commission its first liquefied natural gas (LNG) import terminal at Ennore in Tamil Nadu this month. The INR 5,151-crore terminal is complete and would be commissioned after completion of dredging of the channel that will bring cryogenic ships carrying natural gas in its liquid form to the port.

LNG import terminal
Source: Google

Once dredging is complete, IOC will bring a cargo or shipload of LNG to commission the terminal. This is the first LNG import terminal IOC has built on its own.

IOC holds 95% stake in the Ennore LNG import terminal. Tamil Nadu Industrial Development Corporation (TIDCO) has 5%. The state-owned refiner wants to retain a minimum 50% stake in the project and so, practically 45% stake is available for the taking.

IOC plans to connect the Ennore terminal to its Chennai Petroleum Corporation Ltd (CPCL) refinery. The firm is also working on laying a 1,385 km natural gas pipeline originating from the Ennore terminal to Nagapattinam in Tamil Nadu via Puducherry.

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