A recent groundbreaking project, a minister from India said that Canada would be one of the sources of LNG for the facility. Indian Oil Corporation, along with two partners, are planning on building the facility at India’s Dhamra port. From there, they plan on bringing in LNG from oversees to meet the local demand.
It would import approximately 5 million t of LNG — roughly the equivalent of 240 billion ft3 of natural gas — each year when it is commissioned, expected by 2021. India’s minister of state for petroleum and natural gas, Dharmendra Pradhan, has said they would import LNG from Canada, Qatar, United States and Iran. Indian Oil also owns a 10% stake in Pacific NorthWest LNG.
Indian Government Refiners to Buy Less Iran Oil in 2017/18: Oil Minister
India's state refiners plan to buy less Iranian oil in 2017/18 compared with the last fiscal year, Oil Minister Dharmendra Pradhan said on Wednesday.
Iran has offered a credit period of 60 days for oil purchases in the current fiscal year, Pradhan told lawmakers in a written response. In 2016/17, Iran had offered 90 days credit period.
The minister said state oil refiners import oil as per commercial and operational consideration. He did not elaborate further.
India's state refiners have cut oil import plans from Iran by a quarter in the year to March 2018, sources earlier said.