Online edition of India's National Newspaper
Wednesday, Apr 16, 2008
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Online edition of India's National Newspaper Wednesday, Apr 16, 2008 ePaper | Mobile/PDA Version |
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NEW DELHI: Petronet LNG Ltd. will double the capacity of its Dahej terminal to ten million tonnes by December 2008. The company is also on the lookout for 15 more spot LNG cargoes this fiscal. “The Dahej terminal expansion will be mechanically completed by September and commissioned by December. For the balance period of the financial year, we will need 15 cargoes,” Petronet CEO and Managing Director Prosad Dasgupta told reporters here on the sidelines of 5th Asia Gas Partnership Summit, being organised by GAIL and the Federation of Indian Chambers of Commerce and Industry. The company, which imports all of its LNG from RasGas of Qatar, will import the cargoes only if the price is right. From 2009-10, Petronet will get an additional 2.5 million tonnes from RasGas under an agreement. Mr. Dasgupta said his company was also talking to coal bed methane (CBM) producers in Australia for possible investment in a liquedification plant there and shipping the fuel to India. Some 50 trillion cubic feet of methane gas reserves below the coal seams in Eastern and Central Australia had been established and the first export might happen as early as 2012. CBM projects, he said, took lesser time than conventional projects. He said Petronet was also looking at venturing into power generation, with a 1,200-MW power plant being planned adjacent to its Dahej terminal in Gujarat. The company would build another 350-MW power plant at its upcoming Kochi terminal in Kerala.
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