Indian Oil along with the Cochin Port Trust is on the horizon of creating something that would change the future course of Kerala. The agreement which is to be signed by the two entities will state an agreement on the use of the proposed Multi-User Liquid Terminal (MULT), would also be used to import LPG from Kochi for the Kerala market.
This may eradicate the hindrance of transportation across the state. Currently LPG is conveyed from a place to another using tanker Lorries via road. This has been a threat to the highway movement resulting in road mishaps like the one earlier this month in Kannur.
The idea of constructing the terminal so as to import LPG was in motion from a long time and now has progressed upon Port authority’s agreement to build the same for IOC at a rough estimated cost of Rs 180 crores.
Earlier the import volume of LPG via Mangalore was about 30,000 tonnes. It was transported via road and then delivered across the state. The process consumed about 12 hours of road journey. Hence, the terminal would not only make the southern highways safer but would also ease the transportation and consumption of LPG.