In order to tap into the growing demand for LNG in the country, Mangalore Refinery and Petrochemicals (MRPL) – a subsidiary of Oil and Natural Gas Corporation (ONGC) – is to set up a Floating Storage & Regasification Unit (FSRU) at Mangalore Port.
MRPL has signed a memorandum of understanding (MoU) with New Mangalore Port Trust (NMPT) in Mangalore recently.
The understanding allows MRPL to conduct feasibility and other associated studies, to identify the most suitable location for the facility and consider the option of setting up an LNG Terminal/Floating Storage & Regasification Unit (FSRU).
The capacity of the terminal will be around 2-3 million tonnes, which will be scaled to five million tonnes.
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