August 31, 2016 / 9:26 AM / 4 years ago

Indian Oil Corp to continue importing two LNG cargoes a month

An attendant holds a petrol nozzle at a petrol pump in the northeastern Indian city of Siliguri January 4, 2008. REUTERS/Rupak De Chowdhuri/Files

NEW DELHI (Reuters) - Indian Oil Corp (IOC) will continue importing at least two liquefied natural gas (LNG) cargoes a month after the expansion of the Dahej import terminal on India’s west coast, a top company executive said.

Terminal operator Petronet, which is also India’s biggest single LNG importer, expanded the Dahej plant’s import capacity by 50 percent to 15 million tonnes a year.

IOC will use its import capacity in the expanded terminal to continue importing LNG, said D. Sen, the company’s business development director.

IOC purchased two LNG cargoes last week in a tender process, traders said.

Reporting by Nidhi Verma; Editing by David Goodman

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