PM inaugurates IOC's Ennore LNG Import Terminal

Prime Minister Narendra Modi inaugurated the Indian Oil Corporation’s (IOCs) LNG terminal at Ennore.

LNG Terminal

• Ennore terminal is ambitious terminal for storage and re-gasification of imported LNG, built by the nation’s largest fuel retailer Indian Oil Corporation Limited (IOCL), at a cost of Rs 5,151 crore inside Kamaraj Port at Ennore.
• The project was commissioned by the IOC through its joint venture company IndianOil LNG Pvt Ltd.
• The capacity of the LNG terminal is 5-million tonnes per annum (MMTPA).
• The LNG terminal was commissioned through the shipload of LNG from Swiss trader, Gunvor carried from Qatar.
• Ennore LNG terminal is part of India’s plan to raise the share of natural gas in the country’s energy basket to 15 per cent by 2030
• Together with associated pipeline infrastructure projects cumulatively accounts for Rs 9,000 crore.
• The imported LNG at the terminal will meet the requirements of Chennai Petroleum Corp Ltd, Madras Fertilisers Ltd, Tamil Nadu Petroproducts and Manali Petrochemicals Ltd together with catering to the requirements of the industries in Tamil Nadu and parts of Karnataka and Andhra Pradesh.

IOC is laying a pipeline of 1244 Km for evacuation of gas from Ennore terminal. The pipeline passes through Manali-Thiruvallur-Puducherry-Nagapattinam-Madurai-Trichy- Tuticorin-Ramnathpuram and a separate line will go to Bengaluru through Hosur.

Month: Current Affairs - March, 2019