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Tuesday, 07 February 2012

Petronet plans $914.5m Gangavaram terminal

Petronet LNG has announced plans to build a greenfield LNG terminal at Gangavaram in the Indian state of Andhra Pradesh at a cost of around INR 45bn ($914.5m).

According to the Hindu, the company has now commissioned Tracta Bel to conduct a feasibility study for the project.

The company's third such facility, the terminal is expect to have a capacity of around 5m tpa.

Meanwhile, the company reports that work on its Kochi terminal is on schedule, with the facility expected to come onstream in October.

Petronet also plans to raise capacity at its 10m tpa Dahej terminal by a further 5m tpa.

This decision, the company says, is based on "the huge demand [for] natural gas, including LNG, in the country" and will enable it "to take further advantage of economies of scale".

It will also "ensure that the additional jetty, which is under construction and is expected to be commissioned by September 2013, is optimally utilised".

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