Indian Oil buys commissioning cargo of LNG for new Ennore terminal: Report


Indian Oil Corp (IOC) bought a commissioning cargo of liquefied natural gas (LNG) for its new Ennore terminal in south India, in a sign that India's first terminal in the east coast is readying for start-up, three industry sources said on Monday. State-owned IOC bought a partial LNG cargo for delivery on February 25 from commodities trader Gunvor, the sources said. It bought the cargo at about $9.

50-9.90 per million British thermal units (mmBtu), one of the sources said. The sources declined to comment as they were.

This article is no longer available in our repository.

There could be multiple reasons for this.