India's Petroleum Ministry directs Petronet to advance LNG import terminal

Aug 01, 2000 02:00 AM

The demand for LNG by power utilities has prompted the Petroleum Ministry to direct Petronet LNG, a consortium of public sector oil and power companies, to advance its deadline for the completion of the LNG import terminal at Cochin in Southern Kerala State by an year.
The Petroleum Ministry has directed Petronet LNG that it should try to get the terminal commissioned in the year 2004. The direction follows shortfall in the indigenous supplies of natural gas and additional demand for the environment-friendly fuel by power utilities.
The National Thermal Power Corporation and the Delhi Vidyut Board have been urging the Petroleum Ministry for supply of more than 3.5 mm cmpd of gas but the availability is only half that amount, Petroleum Ministry sources said.
As an immediate measure, the Gas Authority of India has been asked to make arrangements from the HBJ pipeline to feed NTPC but even this would not be enough to meet the complete demand of the power major. Only import of the natural gas can solve the problem and that is why the early completion of the Petronet LNG terminal is so crucial, an official said.

Source: Energy24
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