Consortium partners will sign memorandum of understanding on March 18

A consortium led by the Oil and Natural Gas Corporation Ltd (ONGC) will do a feasibility study on setting up a Liquefied Natural Gas (LNG) Regasification Terminal at the New Mangalore Port. The proposed terminal will have an initial capacity of 2-3 million metric tons per annum (MMTPA), which can be expanded to 5 MMTPA.