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India Needs Long Term LNG Deals to Meet Growing Demand: Indian Oil

LNG

India needs to secure long-term LNG agreements to meet growing gas demand and ensure price stability according to Sandeep Jain, Executive Director at Indian Oil.

  • Gas sales are likely to increase from around 6.3m tons in the current financial year to reach 20m tons by 2030.
  • The capacity of the Ennore LNG import terminal is expected double to 10m tons a year to meet the increasing gas demand.
  • The state refiner is aiming to power all its refineries with clean fuel, Jain added
  • Indian Oil aims to set up 10 fuel stations to provide LNG for trucks and buses in the current financial year.

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