Covering the operations of the oil and gas industry
Oil & Natural Gas Corp. Ltd., Bharat Petroleum Corp. Ltd., and Mitsui & Co. Ltd. are studying feasibility of a 2-3-million tonne/year LNG terminal at Mangalore, on the southwest coast of India.
The consortium, led by ONGC, signed a memorandum of understanding with the New Mangalore Port Trust confirming the trust’s support of the study.
The regasification facility’s capacity would be expandable to 5 million tpy.
The group expects to make an investment decision by early next year. It expects commissioning in 2018.