LNG

Hindustan Petroleum Corp. Ltd (HPCL), an Indian state-controlled company, has acquired an additional 50 percent stake in an LNG project firm building an import terminal at the port of Chhara in the West Coast state of Gujarat, giving it full ownership with the purpose of advancing towards completion.

Indian liquefied natural gas imports increased for a third month of the current fiscal year as the nation received more than 30 cargoes, with the main suppliers being the West African nations of Nigeria and Angola as well as Qatar.

Japanese company Toyo Engineering said it was awarded a contract to construct a liquefied natural gas import terminal near Kodinar, north of Mumbai, and set to be the seventh regasification facility on the West Coast.