Petronet LNG Inks Dahej Deal with GSPC (India)
Petronet LNG of India said that GSPC has booked a capacity of 2.25 MMTPA on a long-term and firm basis in the Dahej terminal.
Relevant agreements to this effect with a 20-year term were signed by Dr. A.K. Balyan, CEO & MD of Petronet LNG and Mr. Tapan Kay, Managing Director of GSPC on 5th January.
While a part of this capacity will be made available by PLL from its existing terminal after completion of second Jetty which is currently under construction, another part will be from the expanded capacity. Petronet LNG has embarked upon an expansion of the re-gasification terminal at Dahej to increase this capacity from the present 10 MM’I’PA to 15 MMTPA. The expansion is expected to be completed by the first quarter of 2016.
Besides the above capacity booking, both the tompanies also agreed on various other initiatives which include connecting the proposed Gangavaram Terminal of Petronet LNG with the Mallavaram-Bhilwara pipeline being built by a consortium led by GSPL as also cooperating in the area of supplying LNG through CNG route to cater to the demands of the transport sector in the State of Gujarat.
LNG World News Staff, January 07, 2013; Image: Petronet LNG