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To take stake in LNG terminal

NEW DELHI: GAIL (India) will take 33 per cent stake in Indian Oil Corporation's proposed liquefied natural gas (LNG) import terminal at Ennore regassification terminal in Tamil Nadu. IOC plans to build the tender to cater to the fuel needs of its subsidiary Chennai Petroleum Corporation and to supply regassified LNG to prospective industries in Tamil Nadu and Karnataka who are willing to switch over from liquid fuel to natural gas.

— Our Staff Reporter

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