IndianOil receives 2nd Ennore cargo

Vol 22, PW 15 (16 May 19) News in Brief

Ennore's future looks bright after IndianOil received its second cargo at the 5m t/y terminal in Tamil Nadu.

This report learns the 61,824-tonne (137,386-cubic metre) cargo arrived at Ennore onboard Malaysia-flagged tanker Seri Ayu on May 11 after it was loaded at Bintulu port by Malaysia LNG end-April. "Petronas offered a good price to IOC," we hear.

Still unclear is the exact price. IndianOil received its first cargo on February 24 from Qatargas.

Ennore's nameplate capacity is 5m t/y but it has started operating at a capacity of 1.5m t/y for the first three years until 2022 when it will be doubled to 3m t/y. Within five years, capacity will rise to 5m t/y or equivalent to 20m cm/d of R-LNG.

"Ennore is the first terminal on the east coast," a source reminds us. "The way things are going its future looks promising."

Separately, Reliance was again the top importer of LNG in April, landing four cargoes from the African continent: two from Nigeria and one each from Angola and Egypt. GSPC and GAIL brought in three cargoes each while Torrent, IndianOil and Petronet-LNG brought one each.