Juris Corp, a law firm specializing in foreign investments into India, acted as a legal advisor to Indian Oil LNG on securing financing for the Ennore LNG terminal.
According to the law firm’s brief statement, Indian Oil LNG, the group company of Indian Oil Corporation, secured 28.77 billion rupees ($430 million) loan from a consortium of six banks led by State Bank of India.
Indian Oil LNG is developing the liquefied natural gas import terminal in Ennore, Tamil Nadu, on India’s east coast.
In June 2016, UK-based LNG engineer Amec Foster Wheeler has been contracted to supervise the work related to various engineering procurement and construction contracts for the LNG regasification and marine import facilities, as well as the LNG storage tanks.
In addition, Amec Foster Wheeler will also undertake project management consultancy activities for the entire project, from engineering development and construction phases, through to pre-commissioning, commissioning and start-up of the terminal.
Under the first phase of the project, the terminal would have a send-out capacity of 20 mmscmd with two 180,000-cbm storage tanks.
1 INR = 0.0149386 USD
LNG World News Staff