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HPCL scouts for LNG deals, hopes to start LNG terminal by December
India’s Hindustan Petroleum Corp Ltd is scouting for liquefied natural gas (LNG) import deals as it expects to start its 5 million ton per year (tpy) LNG terminal in western India by end of this year, its head of finance said on Tuesday.
“We will be undertaking commissioning activity in November or December depending on weather conditions… We are in the market for tying up long-term gas from international players,” Rajneesh Narang said at its June quarter earnings call.
The company’s previous attempt to commission the Chhara LNG terminal in April failed due to the bad weather, he said.
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