Indian Oil Corporation Limited, along with other consortium members, is to set-up four floating LNG terminals on the East Coast of India.
The terminals will each have a capacity of five million tonnes, spread across 1,250km of coastline from Andhra Pradesh to Tamil Nadu.
Three of the four terminals will be set-up by government-owned firms in the consortium; Indian Oil Corporation (IOC) will set-up a terminal at Kamarajar Port, Gas Authority of India Limited (GAIL) will set-up a terminal at Kakinada Port, and Petronet will set-up a terminal at Gangavaram Port.
The fourth terminal will be established by a private firm – KEI-RSOS Petroleum and Energy Pvt – at Krishnapatnam Port.
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