India's Largest Database on New Projects
October 16,
2006: The petroleum ministry has projected a Rs.40,000 crore investment in the
gas sector. The ministry also expects a five-fold increase in imports of LNG to 25 million tonne
per annum from the existing 5-6 mtpa during the 11th Plan period.
Alongside, the
ministry has also projected a
sharp increase in the domestic gas supplies from 70.54 mmscmd in 2007-08 to 192 mmscmd by
2011-12. This follows huge gas discoveries by Reliance Industries, Gujarat State
Petroleum Company (GSPC) and Cairn Energy.
On increase in
LNG supplies, it was noted that 5 million tonne of LNG is already flowing every
year to Petronet LNG Ltd’s (PLL’s) re-gassification terminal at Dahej,
which is all set to expand to 10 mtpa by 2010-11. Besides, Kochi LNG terminal
with a capacity of 2.5 mtpa is expected to expand to 5 mtpa by 2011-12.
Given the huge prospects of increased supplies from both domestic and international sources, the 11th Plan will witness a huge inflow of investments in building gas infrastructure in the country.
Giving details
of the Rs.40,000-crore investments in the gas sector, the ministry report said
on the LNG front, the expansions planned by PLL besides some greenfield projects
would translate into a total investment of Rs.9,220 crore.
This includes
the expansion of PLL’s Dahej terminal to 7.5 mtpa by 2009-10 and 10 mtpa by
2010-11; the capacity build up at Dabhol LNG terminal from 1.2 mtpa and 2.1 mtpa
in 2007-08 and 2008-09 respectively; investments in Kochi LNG terminal of PLL-with
a 2.5 mtpa capacity by 2010-11 going up to 5 mtpa by the end of 11th Plan along
with the 1.25 mtpa regassifcation capacity coming up at Mangalore.
Investments in
pipeline projects planned by GAIL by the end of the 11th Plan stand at Rs.21,000
crore, which after taking into account the city gas distribution networks
already planned in 10 cities would go up to Rs.30,000 crore
Source: Financial Express