India's Paradip Port Trust, or PPT, is trying to attract investment to build a second LNG terminal at Paradip Port in the eastern coastal state of Odisha, a senior company official said in Mumbai late Friday.
PPT, which operates the Paradip Port, is negotiating with other companies to build a second terminal as it carries out development plans and constructs breakwater facilities, Paradip Port Trust Chairman S S Mishra said Friday.
But he did not give details about the second terminal.
PPT has already signed a memorandum of understanding with gas transportation utility GAIL in October 2013 to build a floating storage and regasification unit at Paradip.
GAIL has committed to invest Rupees 31 billion ($525 million) to build the first phase of the terminal with an export capacity of around 5 million mt/year of LNG by 2017. It will invest a further Rupees 25 billion to add another 5 million mt/year capacity in the second phase, Mishra said Friday.
While the plan is to build an FSRU in the first phase, there is enough land to build a onshore storage facility if GAIL so wants, Mishra added.
GAIL has just completed the pre-FEED study for the terminal and has license to lay gas pipelines from Paradip to Surat on the western coast in Gujarat, Mishra added.
OTHER LNG TERMINAL PROJECTS COMING UP IN INDIA
GAIL is also working on an FSRU at Kakinada in Andhra Pradesh, which is connected to the western coast by the existing Reliance Gas Infrastructures East West pipeline. The pipeline was originally designed to deliver gas from Reliance Industries Ltd.'s eastern offshore gas block KG-D6.
Meanwhile, India's leading LNG importer, Petronet LNG, is also close to starting construction work on a 5 million mt/year LNG terminal at Gangavaram in the eastern coastal state of Andhra Pradesh, a senior Petronet LNG official said Friday.
"They [PPT] are developing the [Paradip] port and we had talks with them. There is nothing beyond that right now. We are committed to Gangavaram project," said R K Garg, finance director, Petronet LNG.
Apart from the proposed Paradip, Gangavaram and Kakinada LNG terminals, state-owned refiner Indian Oil Corporation is also expected to set up a 5 million mt/year LNG terminal in Ennore near Chennai on the eastern coast.
IOC has three Single Point Mooring facilities at Paradip Port to handle crude oil imports for its Barauni and Haldia refineries. It is close to commissioning its 15 million mt/year refinery at Paradip, Platts has reported.
State-owned refiner Bharat Petroleum Corp. Ltd. is also looking at setting up an SPM at Paradip, Mishra said Friday.
Source: Platts
PPT, which operates the Paradip Port, is negotiating with other companies to build a second terminal as it carries out development plans and constructs breakwater facilities, Paradip Port Trust Chairman S S Mishra said Friday.
But he did not give details about the second terminal.
PPT has already signed a memorandum of understanding with gas transportation utility GAIL in October 2013 to build a floating storage and regasification unit at Paradip.
GAIL has committed to invest Rupees 31 billion ($525 million) to build the first phase of the terminal with an export capacity of around 5 million mt/year of LNG by 2017. It will invest a further Rupees 25 billion to add another 5 million mt/year capacity in the second phase, Mishra said Friday.
While the plan is to build an FSRU in the first phase, there is enough land to build a onshore storage facility if GAIL so wants, Mishra added.
GAIL has just completed the pre-FEED study for the terminal and has license to lay gas pipelines from Paradip to Surat on the western coast in Gujarat, Mishra added.
OTHER LNG TERMINAL PROJECTS COMING UP IN INDIA
GAIL is also working on an FSRU at Kakinada in Andhra Pradesh, which is connected to the western coast by the existing Reliance Gas Infrastructures East West pipeline. The pipeline was originally designed to deliver gas from Reliance Industries Ltd.'s eastern offshore gas block KG-D6.
Meanwhile, India's leading LNG importer, Petronet LNG, is also close to starting construction work on a 5 million mt/year LNG terminal at Gangavaram in the eastern coastal state of Andhra Pradesh, a senior Petronet LNG official said Friday.
"They [PPT] are developing the [Paradip] port and we had talks with them. There is nothing beyond that right now. We are committed to Gangavaram project," said R K Garg, finance director, Petronet LNG.
Apart from the proposed Paradip, Gangavaram and Kakinada LNG terminals, state-owned refiner Indian Oil Corporation is also expected to set up a 5 million mt/year LNG terminal in Ennore near Chennai on the eastern coast.
IOC has three Single Point Mooring facilities at Paradip Port to handle crude oil imports for its Barauni and Haldia refineries. It is close to commissioning its 15 million mt/year refinery at Paradip, Platts has reported.
State-owned refiner Bharat Petroleum Corp. Ltd. is also looking at setting up an SPM at Paradip, Mishra said Friday.
Source: Platts
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