Indian Oil Corporation board okays Ennore LNG terminal.

The board of Indian Oil Corporation recently approved the Rs. 5,150-crore Ennore LNG terminal project to the north of Chennai.

B Ashok, Chairman, IOC, said work on the 5-million-tonne Liquefied Natural Gas terminal, the first such infrastructure on the east coast, will start in a couple of months.

IOC has appointed Foster Wheeler of Spain as the project management consultant, statutory approvals are in place and with the IOC Board giving its nod, contracts are being finalised for the terminal coming up in Ennore at the Kamarajar Port. I

OC hopes to complete the project by 2018 and is participating in the bids called by the Petroleum and Natural Gas Regulatory Board for laying pipeline for the project linking the terminal to Tiruchi, Nagapattinam and Madurai in South Tamil Nadu apart from lines to Chittoor and Bangalore, he said.


HBL