Gazprom Marketing and Trading Singapore (GM&T Singapore), a 100% wholly-owned subsidiary of Gazprom Marketing & Trading, has delivered a liquefied natural gas (LNG) cargo for the commissioning of India’s Dabhol terminal.
The Dabhol LNG terminal is located at Ratnagiri, Maharashtra, 340 km south of Mumbai. The terminal is owned by Ratnagiri Gas & Power Private Limited (RGPPL), a joint venture of GAIL (India) Limited and National Thermal Power Corporation (NTPC), who are the major shareholders, with remaining equity held by financial institutions and Maharashtra State Electricity Board (MSEB). GAIL is the commercial operator of the terminal.
The cargo was delivered onboard the LNG Pioneer and discharge was completed successfully on 11 January. The terminal, which was commissioned on 10 January, has a throughput capacity of 5 million tonnes per annum, with plans to double capacity to 10 million tonnes in the next two to three years. Arthur Tait, President and Managing Director of GM& T Singapore , said, “We are very pleased to have delivered the commissioning cargo for the Dabhol terminal and to have been part of this milestone that will help meet India’s increasing demand for energy. Not only does it cement the relationship we have with a valued counterparty, it is also an illustration of our flexibility in meeting buyers’ short-term needs as well as fulfilling their long-term demands through supply agreements.” In October 2012, GM&T Singapore and GAIL signed a 20-year LNG sales and purchase agreement (SPA) under which GAIL will receive 2.5 million tonnes per annum of LNG (equivalent to approximately 130 million MMBtu or 3.5 bcm or 122 bcf per annum) over a period of 20 years.
[mappress] LNG World News Staff, January 21, 2013; Image: Gail