It is learnt that Petronet LNG has tied up with Gorgon Projects (an Australian company), for supplying natural gas to its proposed LNG terminal at Kochi. The agreement will be formally signed by end-October 2006 for commencing supply of gas by 2009.

The tie-up will provide the required quantity of natural gas to the Rs.1,700 crore (Rs.17 billion) project proposed to be set up at Puthuvype, near Kochi. The bids for transportation, equipment procurement and construction will be finalised by the end-October 2006 as the process is in the final stages.

Petronet LNG has shortlisted four companies - IHI of Japan, Tractebel of Belgium, Techni Gaz and Sofra Gaz of France - for submitting bids for EPC contract. The proposed Kochi terminal, which will be the second one in the country after Dahej in Gujarat, requires 2.5 million tpa of natural gas in its initial phase of operation.

Also See:

Petronet to source LNG from Australia (25-Dec-05)