To supply piped gas in south India, State-run Indian Oil Corporation is going ahead with its Rs 4,500 crore LNG terminal project in Tamil Nadu. The terminal is likely to be completed by 2015.
The company would soon float tenders for the project. It has signed an agreement last year with Tamil Nadu Industrial Development Corporation (TIDCO) to set up the Rs 4,500 crore liquefied natural gas terminal in Chennai.
The initial capacity of the facility would be five million tonne per annum.