Kochi plan approval on Oct 29

Petronet LNG will finalise its plan for setting up a 2.5 MMTPA LNG terminal at Kochi in its board meeting on October 29 in New Delhi.

Suresh Mathur, managing director, said in Ahmedabad on Saturday that as the issues with govermment of Kerala already been sorted out, there is no further confusion over setting up the project there and PLL can sell its total capacity of 2.5 MMTPA of RLNG to customers in the south even if NTPC decides not to buy gas from it.

"PLL also has advanced in its plan to set up a LNG terminal at Mangalore but we are still in talks with ONGC as it may be one of the major stakeholders in the proposed project as it enjoys a close proximity to its own Mangalore Refinery and Petroleum," Mathur said.