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GAIL-BPCL plan piped gas projects
Special Correspondent
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Gas supply will be taken up in two States
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MUMBAI:
GAIL signed an agreement with BPCL on Thursday for the formation of separate joint venture companies for implementation of city gas projects in Kerala and Karnataka for supply of piped natural gas (PNG) to domestic, commercial and industrial consumers and compressed natural gas (CNG) and auto LPG to automobiles.
"This is the first step towards the implementation of city gas projects in the states of Kerala and Karnataka," said Proshanto Banerjee, Chairman and Managing Director of GAIL, at a press conference. In view of the upcoming LNG terminal in Kochi, GAIL has drawn up plans for transportation of LNG from the Kochi LNG terminal by laying 900 km long Kochi-Kanjirakode-Mangalore/Bangalore Pipeline in states of Kerala and Karnataka with an investment of about Rs. 2,000 crore. LNG will also be supplied to NTPC, Kayamkulam through a 110 km sub-sea pipeline to be laid with an investment of Rs 450 crore."This will be the forerunner to the future events likely to unfold in the natural gas chain," said Ashok Sinha, Chairman and Managing Director, BPCL.
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