Media reports suggest that state-run GAIL India expects to achieve around 75 per cent capacity utilisation of its gas transmission network on an average in the next five years. The company expects to achieve this capacity utilisation given that it would have a total capacity of around 250-300 mmscmd by fiscal 2016-17 and have an expe
Tag: liquefied natural gas
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GAIL commissions 5-mn t LNG terminal
BC Tripathi, Chairman, Gail India, informed that it has commissioned the 5 million toÂnne (mn t) capacity liquefied natural gas (LNG) terminal at Dabhol facility in Maharashtra.
He also informed that the firm plans to double its capacity by 2016 in a phased manner. Initially, the firm would focus on completing construction of break-water facility, which will help in expanding the terminal's capacity to 7.5 mmtpa in next two years and finally to 10 mmtpa in 2016.
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Ministry sends plan to set up Rs 43 bm LNG project
Union shipping ministry has reportedly sent a proposal to set up a Rs 4,320-crore integrated liquefied natural gas (LNG) terminal at Ennore, near Chennai to the cabinet for approval. It may be learnt that the project was approved by the shipping ministry recently. Indian Oil Corporation, which plans to construct the terminal, would receive a letter of award from the Ennore Port once the cabinet clears the proposal. Tamil Nadu
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Oil ministry proposes to adopt new gas price formula
Media reports suggest that the union petroleum ministry wants the government to adopt the pricing formula for natural gas proposed by the Rangarajan Committee. Specifically, the ministry wants the pricing formula to apply to all forms of natural gas - conventional, shale and coal-bed methane (CBM). Also, the ministry prop
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Govt subsidy may rise under pricing formula of panel
According to some estimate, government will have to bear an additional subsidy burden of Rs 28,800 crore if it implements the Rangarajan committee formula for pricing natural gas. The committee, set up under Prime Minister's Economic Advisory Council Chairman Rangarajan, suggested a price formula which is the mean of the prod
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Board of Petronet clears Rs 50 bn terminal project
Petronet LNG, which proposes to set up a five million tonne per annum LNG terminal at Gangavaram, Andhra Pradesh at a cost of about Rs 5,000 crore, received final approval from its board for the investment. The firm, which expects to complete the project by end-2016, has finished several pre-project activities and it is working towards short-listing of potential cont
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Petronet LNG expands Dahej terminal in 2 phases
Media reports suggest that Petronet LNG is expanding its Dahej LNG terminal in two phases. In the first phase, it is building second LNG jetty which will get completed by the end of December 2013 or early 2014. This would improve its facility by increasing unloading capacity and also give more flexibility. The company expe
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GAIL India to decide on shipping foray
In the next three-four months, GAIL India would decide on whether to start shipping operation. The company plans to source seven LNG (liquid gas) shipping vessels on long-term charter hire. Alternatively, it is also mulling a proposal of outright purchase. BC Tripathi, Chairman of the firm said after announcing the commissioning of its 5-million tonne a year
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GAIL commissions 5 mn t LNG terminal
BC Tripathi, Chairman of Gail India informed that it has commissioned the 5 million tonne capacity liquefied natural gas (LNG) terminal at Dabhol facility in Maharashtra. He also informed that the firm plans to double its capacity by 2016 in a phased manner. Initially, the firm wou
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Petronet LNG looks out for LNG customers
Petronet LNG is looking out for customers for the liquefied natural gas (LNG) that it would be importing from the newly set up LNG terminal at Puthuvype in Kerala. So far, the company managed to get only one customer - the BPCL Kochi Refinery- for the LNG. The refine