OREANDA-NEWS. June 24, 2011. Big boy Reliance Industries may be talking to British Petroleum (BP) for installing a floating LNG terminal with a capacity of over three million tonne per annum (mtpa). This could entail an investment of USD 500 million, reports CNBC-TV18's Nayantara Rai quoting sources.

They also add that RIL is looking to install the floating LNG terminal at either Kakinada or at Jamnagar as both these locations have their own merits.