ONGC, Mitsui Plan LNG Terminal In India

India’s Oil and Natural Gas Corp (ONGC) is in talks with Mitsui Group of Japan for setting up a liquefied natural gas (LNG) import terminal at Mangalore, the Economic Times reported. 

The company is looking to set up the terminal in Mangalore as part of its diversification plans.

The newspaper also reported that the two companies are looking to jointly bid for forthcoming exploration rounds, such as NELP (New Exploration License Policy) and shale gas blocks. 

The country now has two operational LNG import facilities -- 10 million tonnes unit at Dahej in Gujarat operated by Petronet LNG Ltd and a 3.6 million tonnes terminal of Shell-Total at Hazira. 

Another 5 million tonnes facility is almost complete at Dabhol in Maharashtra, while Petronet is building an equal size terminal at Kochi in Kerala by the year end, ET said.