LPG terminal at Ennore goes on stream

The terminal will cater to Tamil Nadu, Karnataka and Andhra with an installed capacity of 800 TMT per annum

IndianOil-Petronas Pvt Ltd, a joint venture of Indian Oil Corporation and Petronas of Malaysia, on Tuesday inaugurated its second LPG terminal at Ennore, near here. The facility, which was set up at a cost of Rs 546 crore, has an installed capacity of 600,000 tonne per annum and can be expanded to 1.2 million tpa.

The terminal will cater to Tamil Nadu, Karnataka and Andhra Pradesh with an installed capacity of 800 TMT (thousand metric tonne) per annum.

As is being done at Haldia, the JV will offer LPG cylinders and bottling services for PSU oil marketing companies on BOOT or BOO basis from Europe too. It also has plans to increase the volume of technical services like road tanker purging and bulk LPG reticulation facilities for industrial customers.
 

Ennore is emerging as strategic location for petroleum business. IndianOil is about to commence construction work on a five-million tonnes per annum LNG terminal here.

With current consumption of over 15 million tonnes per annum, the Indian LPG market is the fourth largest after the US, China and Japan. At present, LPG production in India is about 9.5 million tonnes per annum and the balance is imported.

According to the current projections and the Vision 2015 document of the Government of India, the demand for LPG imports is likely to reach nearly eight million tonnes by 2021-22. By that time, domestic production of LPG is expected to cross 15 million tpa.