Gail to take 33% stake in Ennore LNG

Gail (India) will take 33% stake in the proposed liquefied natural gas (LNG) import terminal by IOC at Ennore in Tamil Nadu.

"Gail will undertake marketing of 3 million tonne of regassified-LNG (R-LNG) from the Ennore terminal," the company said in a release today.

"Gail will also construct, own and operate the entire pipeline required for the marketing of R-LNG from Ennore terminal," the release added.

IOC plans to build the terminal to cater to the fuel needs of its subsidiary Chennai Petroleum, and to supply R-LNG  to prospective industries in Tamil Nadu and Karnataka who are willing to switch over from liquid fuel to natural gas.