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Stock impact report

Indian Oil to receive 2nd LNG cargo for new LNG terminal in May - sources [Reuters]

ICICI Bank Limited (IBN) 
Company Research Source: Reuters
Indian Oil to receive 2nd LNG cargo for new LNG terminal in May - sources | Reuters 2 Min Read SINGAPORE, March 14 (Reuters) - Indian Oil Corp is set to receive a second liquefied natural gas (LNG) cargo for its new Ennore terminal in south India in May, two industry sources said. The 5 million tonnes per annum (mtpa) import facility at Kamarajar port on the outskirts of Chennai discharged its commissioning cargo more than a week ago, the sources said, with the next due in two months. It was not immediately clear if the company will issue a tender for the cargo. State-owned IOC bought a partial LNG cargo for delivery in late February from Swiss trader Gunvor. The commissioning cargo was delivered through the LNG tanker ‘Golar Snow’ from Qatargas. IOC could not immediately be reached for comment outside business hours. The company said in a statement on March 6 that the terminal had received all necessary clearances to start commissioning. Ennore is owned by IndianOil LNG, a joint vent Show less Read more
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