Indian Oil aims 13.5 million tonnes LNG import capacity in 5 years1 min read . Updated: 27 Oct 2017, 06:38 PM IST
Indian Oil is also looking at signing a long-term LNG supply deal, says business development head G. K. Satish
New Delhi: State-owned Indian Oil Corp. Ltd aims to have 13.5 million tonnes of liquefied natural gas (LNG) import capacity in five years, head of business development G. K. Satish said on Friday, as India moves toward a gas-based economy under Prime Minister Narendra Modi.
The company is also looking at signing a long-term LNG supply deal, he said.
Indian Oil currently has a sourcing agreement for long-term supplies of 0.7 million tonnes from the Cameron LNG Project in the US. Supply from the project will begin by end of 2018, Satish said. Reuters