ONGC, BPCL soon to sign an MoU for putting up LNG terminal at Mangalore

ONGC, Six years after the $1 billion project was put in cold storage, state-owned Oil & Natural Gas Corp (ONGC) will by this month-end revive plans to set up a liquid gas (LNG) import terminal near its Mangalore refinery in Karnataka. “In next 10 to 15 days, ONGC and Bharat Petroleum Corp Ltd (BPCL) will sign an MoU for putting up a LNG terminal at Mangalore,” Oil Minister M Veerappa Moily announced at the inauguration of state gas utility GAIL India Ltd’s Dabhol-Bangalore gas pipeline.

The Gujarat High Court on Tuesday gave sanction to scheme of amalgamation of Hazira Gas Private Limited with Hazira LNG Private Limited, both joint venture companies between Shell Gas BV and Total Gas Electricite Holdings, France.

The scheme of amalgamation was sanctioned by Justice Abhilasha Kumari, who observed, "upon considering the facts and circumstances of the case and the material on record, and taking into account the contentions raised by the respective parties in their affidavits and counter affidavits as well as the submissions made at the Bar,