Posted - May 13, 2013 - The Economic Times
NEW DELHI: Petronet LNG
Ltd, India's biggest importer of liquid gas, has invited bids to build
facilities at its proposed 5 million tons LNG terminal at Gangavaram in Andhra
Pradesh.
Petronet
today floated a tender to qualify bidders for constructing gas storage
facilities, re-gasification plant and marine facilities at Gangavaram.
The company had earlier this year received final approval from its board of
directors to build a third LNG terminal at Gangavaram, the first terminal to be
located on the east coast.
Bids are due by June 28, it said in the advertisement. "Petronet LNG
Ltd intends to undertake international competitive bidding ( ICB) process for
qualification of bidders for lump-sum EPC contracts to set up liquefied natural
gas (LNG) terminal of capacity 10 million tons per annum with initial installed
capacity of 5 million tons per annum at Gangavaram, Andhra
Pradesh," it said.
The company signed a term sheet with the Gangavaram Port
for the LNG terminal last year, when it also called for bids for leasing an
FSRU (Floating Storage & re-gasification Unit) for 3-5 years to cover the
period till the terminal is completed in 2016.
Petronet operates a 10 million tons per annum terminal at Dahej in Gujarat,
which it plans to expand to 15 million by 2016. It will complete building a 5
million terminal at Kochi in Kerala this year.
The company's Managing Director & CEO A K Balyan earlier this month
stated that the Kochi terminal has mechanically completed and the terminal will
be commissioned in July.
The Kochi terminal, however, will operate at just 12 per cent of its
capacity in the current fiscal as pipelines taking gas to customers are not
ready, he said, adding that the company plans to import 4-5 shiploads of LNG at
the terminal in 2013-14.
Next fiscal, the terminal is expected to operate at 75 per cent capacity
when pipeline connecting Kochi to Mangalore and Bangalore are built, he said
adding GAIL is planning to connect this pipeline to Chennai.
Kochi terminal is currently being connected to two main customers -- Bharat
Petroleum's Kochi refinery and fertiliser firm FACT, which are in the process
of converting their facilities to run on natural gas.
Post to be found at:
http://articles.economictimes.indiatimes.com/2013-05-13/news/39228716_1_kochi-terminal-lng-terminal-gangavaram-port
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