ONGC revives six years old LNG terminal project

Oil and Natural Gas Corp (ONGC) is to revive costing $1 billion liquefied natural gas (LNG) import terminal project near its Mangalore refinery. The project was proposed by ONGC 6 years ago.

ONGC and Bharat Petroleum Corp Ltd (BPCL) expcted to sign an memorandum of understanding (MoU) for putting up a LNG terminal at Mangalore in the next few weeks.