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Petronet LNG expects to double gas volumes at Kochi terminal

Tuesday, 28 Jul 2020
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Petronet LNG is expecting that on completion of gas pipelines to Mangaluru from its Kochi terminal will enhance its business volumes. 
 
The gas connectivity to Mangaluru, Karnataka, is expected to be completed by the Gas Authority of India (GAIL) soon. 
 
This is expected to double Petronet LNG’s capacity utilisation to 40-45 percent from the present 20 percent. 
 
The terminal worth Rs 4,700 crore in Kochi was languishing for a long time after its commissioning in 2013, and it was in 2019 that the five million tonne terminal operated at 20 percent growth in capacity and achieved sales of one million tpa. 
 
Mangalore Chemicals and Fertilisershas evinced interest in availing gas from Kochi once 444 km pipelines are operational. Moreover, companies such as Mangalore Refinery and Petrochemicals (MRPL), ONGC Mangalore Petrochemicals (OMPL) and other customers can take sizeable quantity of gas to meet their production requirements. 
 
However, the quantity of gas to be sold will be decided by GAIL, which is heading the marketing part. 
 
Petronet LNG is also engaged in supply of gas by road to PSU companies such as HLL, KMML in Kerala as well as for city gas distribution network. 
 
The company has also entered into a contract with Saint Gobain in Chennai for supply of 1,500 tonne gas up to December 2020. Also, a pilot fishing boat conversion to LNG fuel with the support of KSIDC has also been taken up. 
 
Moreover, on the availability of gas, there are no constraints right now as the company has entered into a long term contract with Exxon Mobile in Australia. 
 
The project was conceived in 1998 and the delay in completion of pipelines has resulted in financial loss of Rs one lakh crore by way of increased cost for alternative fuels such as naptha, furnace oil and diesel for industrial production requirements. 
 
The delay was caused due to laying underground pipeline across Chandragiri River in Kasargodu. 
 
BPCL has also urged the government of Kerala to reduce the VAT rates for LNG, presently charged at 14.5 percent, to get more customers.

 

 
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