The proposed Paradip-Durgapur lPG pipeline will be ready by the next year to boost supplies, Indian Oil Corporation (IOC) Chairman B Ashok said on Saturday.
“IOC is setting up two lPG import terminals at Kochi and Paradip ports. The Paradip to Durgapur stretch of the pipeline will be ready by the next year,” Ashok told reporters. The IOC chief said that after the pipeline construction is over, it is expected that there would be no backlog in supplies. Ashok said the overall demand of lPG connections would rise from 18 mt to 25 mt by 2022-23, potentially growing at 11-12 per cent each year. Fifty per cent of India's lPG requirement is being imported.