IOC confident of LNG success at Ennore

Vol 20, PW 4 (03 Nov 16) News in Brief
     

IndianOil is confident that its under-construction 5m t/y LNG terminal at Ennore in Tamil Nadu will not end up stranded like Petronet-LNG's terminal in neighbouring Kerala.

"Work to build the terminal is on schedule," IOC director business development GK Satish told this report on October 27. "As of today the work is more than 30% complete." Satish admitted work was disrupted at Ennore in June 2016 when local residents arrived demanding employment but that things have quieted down since then.

"We are very confident the Ennore project will be a winner," adds Satish. "IndianOil can consume more than 56% of the terminal's 5m t/y re-gasification capacity itself.

Other customers like Southern Petrochemical Industries Corporation (SPIC) are also there to buy gas." Satish adds IOC has identified customers who can take gas within an 80-km radius of the terminal it wants to commission in 2018. "To serve these customers, we will have to lay small pipelines," he says.

"Getting permission within the state won't be difficult."