News Brief | October 2014
BPCL to book capacity in LNG terminals
State-run Bharat Petroleum Corporation Ltd is considering booking one-three million tonnes per annum of capacity in liquefied natural gas terminals on the country´s east and west coasts. A feasibility study for a terminal with capacity of two-three mtpa, expandable to five mtpa, will be carried out. This will be in addition to the LNG terminal the company plans to build in Mangalore, in association with ONGC. BPCL also holds 12.5 per cent stake in Petronet LNG, a company formed by the Centre to import LNG. ´We are looking at booking capacities in LNG terminals. For our international business, we have signed an agreement with foreign players to import two million tonnes (mt) of gas,´ said S Varadarajan, chairman and MD, BPCL.