IndianOil LNG

What IndianOil LNG does

IndianOil LNG Private Limited (IOLPL) operates the Ennore LNG Import, Storage, and Re-gasification Terminal located inside Kamarajar Port (formerly Ennore Port) in Chennai, India. Incorporated on 29 May 2015 as a joint venture between IndianOil Corporation Limited (IOCL, a Maharatna public-sector oil company) and Tamil Nadu Industrial Development Corporation (TIDCO), the company commissioned the 5 MMTPA (expandable to 10 MMTPA) facility at an estimated project cost of Rs. 5,151 Crores, with operations commencing in 2019. It is the first LNG terminal on India's eastern coast. The terminal supplies regasified LNG (RLNG) to power generation plants, fertilizer plants, large industrial units, and city gas distribution networks serving Tamil Nadu, Andhra Pradesh, and Karnataka, and also feeds downstream PNG (households, commercial) and CNG (transport fuel) channels via pressurized underground pipelines.

The underlying technology is conventional LNG process engineering: natural gas is cooled to -162°C, with impurities (CO2, water, sulfur) removed prior to liquefaction, achieving a 1/600 volume reduction that enables efficient storage and transport. Cryogenic tanks store LNG on-site; vaporizers regasify it by heating; the resulting natural gas is pressurized for distribution through underground pipelines. The terminal sits within a state-operated port complex (Kamarajar Port) that provides breakwaters, entrance channel, turning basin, and navigational aids, supporting all-weather operations.

IOLPL runs a usage-based B2B infrastructure revenue model, earning terminal handling fees, storage charges, and regasification service revenues under long-term contracts with industrial customers, power and fertilizer producers, and CGD operators. Go-to-market is primarily enterprise field sales, with distribution leverage provided by parent IndianOil's national network. Ownership rests with IOCL as primary promoter and TIDCO as JV partner, with ICICI Bank maintaining a board nominee position. Headcount is reported in the 101-250 range. No revenue, funding, or pricing figures are publicly disclosed; financial reporting on the company's website reports 'No Data available.'

Name

IndianOil LNG

Legal name

IndianOil LNG Private Limited

Website

https://indianoillng.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

IndianOil LNG operates the Ennore LNG import, storage, and re-gasification terminal at Kamarajar Port, Chennai—the first on India's eastern coast—supplying regasified LNG and downstream PNG/CNG to power plants, fertilizer plants, industrial users, and city gas distribution networks across Tamil Nadu, Andhra Pradesh, and Karnataka.

Ownership category

akta.pro rank

Product category

LNG Import and Regasification Terminal Services

NAICS

Pipeline Transportation of Natural Gas (486210)

SIC

Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD)

akta.pro secondary industries

LNG Regasification & Import Terminals (EUAAACAF), LNG Import/Export Terminals (Liquefied Natural Gas) (TLAHABAL)

Keywords

• LNG terminal operations
• Cryogenic LNG storage
• Regasification services
• Natural gas distribution
• Piped natural gas supply

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. LNG Import, Storage, and Regasification Services: IndianOil LNG generates revenue by importing LNG, storing it in cryogenic conditions, and regasifying it for distribution. The terminal provides regasified LNG (RLNG) to industrial consumers, power plants, fertilizer plants, and city gas distribution networks. Revenue is generated through terminal handling fees, storage charges, and regasification services under long-term contracts.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

IndianOil LNG operates an LNG Import, Storage, and Re-gasification Terminal at Kamarajar Port (Ennore), Chennai, with a nameplate capacity of 5 MMTPA (expandable to 10 MMTPA). The company imports LNG via marine vessels, stores it in cryogenic tanks at -162°C, regasifies it, and delivers Re-gasified LNG (RLNG) to industrial, power generation, fertilizer, and City Gas Distribution customers across South India.

Product overview

IndianOil LNG Private Limited (IOLPL) operates a single integrated LNG terminal infrastructure at Kamarajar Port, Chennai. The terminal is the first LNG import facility on India's eastern coast, with a 5 MMTPA import, storage, and re-gasification capacity expandable to 10 MMTPA. The terminal's core operations encompass cryogenic LNG storage, regasification processing, and distribution of re-gasified LNG (RLNG) to power generation plants, fertilizer plants, industrial units, and city gas distribution networks serving Tamil Nadu, Andhra Pradesh, and Karnataka. The company also supplies PNG for household and commercial use and CNG for vehicle fuel.

Differentiator

Problem solved

Functional benefit

Products and services

• LNG Import, Storage, and Re-gasification Terminal Integrated LNG terminal offering that receives LNG from carrier vessels, stores it in cryogenic tanks, and regasifies it into RLNG for delivery to industrial, power, fertilizer, and CGD customers in South India.
• Cryogenic LNG Storage Service Storage of imported LNG in insulated cryogenic tanks maintained at approximately -162°C, providing buffer inventory between vessel arrivals and regasification send-out.
• LNG Re-gasification Service Conversion of liquefied natural gas back into gaseous form using vaporizers so it can be transported through pipelines as RLNG.
• RLNG Distribution via Pipeline Network Delivery of regasified LNG through dedicated pipelines to industrial, power, fertilizer, and City Gas Distribution customers.

Quantifiable outcome

• Terminal capacity: 5 MMTPA (expandable to 10 MMTPA); equivalent to ~20 Million Cubic Meters per day
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Tamil Nadu Industrial Development Corporation (TIDCO)coreStrategic or Co-development PartnerTIDCO is a joint venture partner in IndianOil LNG Private Limited (IOLPL). The partnership was established through a Memorandum of Understanding between IndianOil Corporation Limited (IOCL) and TIDCO for setting up the Ennore LNG Terminal Project. TIDCO has representation on the Board of Directors through Shri S. Senthil Kumar.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• GAIL (India): India's largest state-owned natural gas company with a broad midstream-to-CGD portfolio. Competes via pipeline gas transmission, marketing, and LNG import, providing both supply and competitive context to IndianOil LNG.

Direct peers

• Petronet LNG: India's largest LNG import and regasification operator, running the Dahej and Kochi terminals. It is the most directly comparable peer in LNG import, storage, and regasification serving Indian industrial and CGD customers.
• Shell Energy India (Hazira LNG): Operates the Hazira LNG import and regasification terminal in Gujarat, a direct competitor serving north-western Indian industrial and gas distribution customers with the same value chain as IndianOil LNG.
• H-Energy (Hiranandani Group): Develops and operates LNG terminals (including the Jafrabad FSRU) and regasification services on India's west coast, directly competing for third-party regasification customers and capacity tie-ups.
• Excelerate Energy: Global FSRU-based LNG regasification operator with floating terminals that compete with land-based terminals like Ennore, especially for new entrants and capacity additions in emerging markets.

Others

• TIDEL Park (TIDCO group): TIDCO group entity in IT/infrastructure parks; included as a sister organisation via the TIDCO joint venture partner, illustrating Tamil Nadu government-linked infrastructure investment themes.
• Indian Oil Corporation (IOCL): Parent company and promoter of IndianOil LNG, with its own gas marketing, CGD, and pipeline interests. Provides commercial integration, customer access, and a reference point for valuation.
• Mitsui & Co. (LNG investments): Holds strategic stakes in LNG value-chain projects globally, including India-adjacent investments. Relevant as a co-investor archetype and as a comparator for international LNG terminal JV economics.

Emerging players

• Adani Total Gas: Major CGD player jointly owned with TotalEnergies; a key downstream offtake channel for LNG regasification volumes. It influences the CGD demand that flows through terminals like IndianOil LNG's.
• Swan Energy: Pursuing LNG terminal development at Jafrabad, Gujarat, with overlapping regasification and storage offerings. Represents emerging competition rather than an active operational peer at scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IndianOil LNG