Indian Oil Corp., the refining and fuel marketing company, is set to begin commissioning of the first liquefied natural import terminal on the East Coast of India near the city of Chennai.
Indian liquefied natural gas imports rebounded on a year-on-year basis to jump 4.7 percent in December as more cargoes arrived from Qatar, West Africa and Australia after previous monthly declines.
Adani Group Chairman Gautam Adani and Total Chairman and Chief Executive Patrick Pouyanne have signed an agreement for a 10-year investment plan in the Indian market, including joint ventures in liquefied natural gas and a nationwide network of stations for cleaner fuel.
French energy major Total said it was in talks with several Indian companies to supply LNG volumes and was looking at the developing natural gas fuel market for vehicles.
Indian Prime Minister Narendra Modi inaugurated the Mundra liquefied natural gas import terminal, the third sited in Gujarat state and the fifth on the West Coast of India, while no facilities currently operate on the East Coast.