CORRECTED-India's Reliance to source 1.5 mln tonne/year of ethane from U.S.

Wed Aug 20, 2014 12:13pm EDT

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(Corrects second paragraph to read "Wednesday" instead of "Monday")

MUMBAI Aug 20 (Reuters) - India's Reliance Industries Ltd said it will source 1.5 million tonnes of ethane a year from the United States as feedstock for its crackers in India.

The company has executed storage and capacity agreements for liquefaction and export of ethane with a North American terminal, which is expected to commence operations in the second half of 2016, the company said in a statement on Wednesday.

Reliance also said it has placed orders for six very large carriers to transport the liquefied ethane to India and is building storage facilities and pipelines to deliver ethane to its crackers. (Reporting by Aman Shah in Mumbai, editing by David Evans)

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