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[BUSINESS] · India, Mexico · 2 sources

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Indian Oil Corporation approves ₹2,449 crore gas pipeline

The board of Indian Oil Corporation Ltd (IOCL) has approved an investment of ₹2,449 crore to develop the 424.65-km Kochi–Kanyakumari–Thoothukudi Natural Gas Pipeline (KTPL). Previously authorized by the Petroleum and Natural Gas Regulatory Board (PNGRB), the project aims to strengthen natural gas infrastructure in southern India by connecting the Kochi LNG Terminal in Kerala to demand centers in Tamil Nadu.

The pipeline will have a total system capacity of 6.84 million metric standard cubic metres per day (MMSCMD). This includes at least 1.71 MMSCMD of common-carrier capacity, which will allow eligible gas users and suppliers to access the network in accordance with regulatory standards.

Entities

Indian Oil Corporation Ltd · Kochi LNG Terminal · Minerva Marine Inc. · Petroleum and Natural Gas Regulatory Board · Strait of Hormuz