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IOC scouts for JV partner for LNG terminal

Industry Petroleum & Natural Gas

The Indian Oil Corporation (IOC) is planning a liquefied natural gas (LNG) terminal project at Ennore near Chennai. The company is the final stages of taking over land and forming a joint venture for the same. The project is expected to be completed by end-2017. Approximate cost of the project is around Rs.5150 crores.

Extracted from BS, Jan 05,’15

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