IOC strengthens as its LNG project in Tamil Nadu gets clearance from MoEF

State-owned Indian Oil Corporation (IOC) has received clearance from Ministry of Environment and Forests for setting up of 5 million tonne LNG terminal at Ennore in Tamil Nadu. A committee under the Ministry of Environment and Forests (MoEF) has given Coastal Regulation Zone (CRZ) clearance to IOC. The company is planning to supply regasified liquefied natural gas (RLNG) from the terminal to customers through 10 extensive pipeline network to the existing and new power plants, fertiliser plants, existing and new industries, CNG/LCNG. The company is also planning to supply by road through cryogenic LNG road tankers to customers who are far away and not connected with gas pipeline networks.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.