Mangalore Refinery and Petrochemicals plans to set up LNG Terminal at Mangalore port.

Mangalore Refinery and Petrochemicals (MRPL) will conduct feasibility studies for setting up a liquefied natural gas (LNG) terminal at Mangalore port. MRPL, a unit of Oil and Natural Gas Corp (ONGC), will explore a possibility of setting up a fixed or landbased LNG import terminal as well as a floating receipt facility on highseas. The company recently signed an MoU with New Mangalore Port Trust (NMPT) to study the feasibility of setting up an LNG re-gassification terminal at Mangalore, the company said in a statement. The MOU, signed by MRPL Managing Director H Kumar and NMPT Chairman P C Parida, "facilitates MRPL to initiate feasibility and other associated studies to identify the most suitable location for the facility, and to consider the option of setting up LNG terminal/ Floating Storage Regasification Unit (FSRU)," it said. In March 2013, MRPL's partent firm, Oil and Natural Gas Corp (ONGC) along with its partners Mitsui of Japan and BPCL had signed an agreement with NMPT to conduct feasibility of setting up USD 500-750 million LNG import terminal at Mangalore. The outcome of the study is not known. The ONGC terminal was to have an initial capacity of 2-3 million tonnes, which can be expanded to five million tonnes later.