LOCAL listed company Liquefied Natural Gas has confirmed a supply contract with Southern Petrochemical Industries Corporation (SPIC), replacing a memorandum of intent signed in September last year.
The agreement makes provisions for the supply of 360,000 tonnes of liquefied natural gas (LNG) over a 20 year term, to SPIC’s existing fertiliser plant in Tuticorin, on the souther tip of India.
Under the terms of the agreement, a timetable has been established in which first LNG production will be supplied to SPIC in the fourth quarter of 2007.
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