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.