LNG Terminal at Mangalore Expected by 2018

India’s Petroleum Minister Veerappa Moily has said that the Mangalore LNG terminal in New Mangalore Port is likely to be ready by 2018.

Speaking at the MoU-signing ceremony for setting up the LNG re-gasification terminal in Mangalore on Monday, he said the consortium of ONGC, BPCL, Mitsui and New Mangalore Port Trust (NMPT) will carry out a feasibility study for a terminal of capacity of 2-3 million tonnes per annum, Business Line newspaper reported.

The newspaper also quoted him as saying that feasibility studies will throw up concrete action plans and an investment decision is expected by early 2014.

R.K. Singh, Chairman, BPCL, said his company’s association with Mitsui in Mozambique’s LNG assets will help them bring LNG to Mangalore.