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India to more than double LNG import capacity

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LNG Industry,

According to Reuters, India’s Oil Minister, Dharmendra Pradhan, has told a news conference that the country is planning to more than double its LNG import capacity in the next year. This will increase the country’s import capacity from 21 million t to 50 million t.

Reuters reports that India is moving towards a gas-based economy, and that it is seeking to grow the share of gas in its energy mix from 6.5% currently to the 15% within the next three or four years.

In late September, it was announced that Indian Oil Corp. Ltd and GAIL (India) Ltd had signed a memorandum of understanding (MoU) with Dhamra LNG Terminal Private ltd (DLTPL) for taking equity in the LNG receiving, storage and regasification terminal that it being developed at Dhamra Port, Odisha, India.

The terminal would be capable of providing energy to potential customers in eastern Indian states, such as Odisha, Bihar, Jharkhand and West Bengal, which are currently unable to get the benefits of gas in the domestic, transport and industrial sectors. More on this story can be read here.

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