First liquefied natural gas (LNG) terminal in State

24 August 2013
Kochi

With the commissioning of Petronet LNG’s Kochi terminal on Thursday, Kerala now has its first liquefied natural gas (LNG) terminal.

The five million tonne terminal, built with an investment of Rs 4,200 crore, will cater to the energy requirements of industries in Kerala and other southern states. The terminal received its commissioning cargo from RasGas Qatar LNG, which supplies 7.5 million tonnes of LNG to Petronet’s Dahej terminal annually.

Commercial supplies from the terminal is expected to start in a week’s time. Plants of Fertilizer and Chemicals Travancore and Kochi refinery of BPCL will be among the first consumers of R-LNG from the Kochi terminal, said a statement from Petronet LNG, the country’s biggest gas importer.

However, the company is concerned that only the first phase of GAIL’s pipeline network covering is complete. It caters to limited industrial areas of the city of Kochi.

The availability of R-LNG is expected to pave the way for meeting the aspirations of the household segment of Kochi city. It would function as piped natural gas in homes. Similarly, the transportation sector will greatly benefit by switching over to this clean energy, hitherto enjoyed by Delhi, Mumbai and some cities in Gujarat.

LNG will draw greater investor interest in Kerala and neighbouring states. The availability of this gas will spur the revival of a number of major industries. In fact, a whole new industrial corridor be developed along the gas pipeline route.

Source– http://businesstoday.intoday.in/story/petronet-lng-commissions-kerala-terminal/1/198027.html

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