Petronet LNG Limited is one of the fastest growing world-class Public Limited Company in the Indian energy sector. It has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat with present nominal capacity of 17.5 MMTPA and another terminal at Kochi, Kerala having a nominal capacity of 5 MMTPA. The company is also exploring suitable opportunities within and outside India to expand its business presence.
The Company had set up South East Asia's first LNG Receiving and Regasification Terminal with an original nameplate capacity of 5 MMTPA at Dahej, Gujarat. The infrastructure was developed in the shortest possible time and at a benchmark cost. The capacity of the terminal has been expanded in phases which is currently 17.5 MMTPA and the same is under expansion to 22.5 MMTPA in two phases. The terminal has 6 LNG storage tanks and other vaporization facilities. The terminal is meeting around 40% of the total gas demand of the country
We are expanding capacity: Dir. (Fin.)
16-Apr-2017
Given the increase in gas consumption in India and limited availability, Demand for liquefied natural gas (LNG) is expected to rise, R.K. Garg, Director (Finance) at Petronet LNG Ltd said in an interview. Edited excerpts:
Q: Let us talk about demand because it has been extremely strong for you especially in the fiscal gone by; what is the expectation as far Dahej volumes are concerned for FY18?
A: The demand of LNG in the country is growing every year. Dahej terminal is operating normally at capacity and sometimes above the capacity. Overall LNG consumption in the country was around 19 million tonne and a major part of that had come to Dahej terminal. However, same thing we are seeing, going forward, at our Dahej terminal.
Q: You are saying that in FY17 your volume was 19 million tonne?
A: I am not saying that. 19 million tonne was imported totally in the country and quite a major quantity has come to our terminal in addition to other terminals operating.
Q: The growing expectation on the street is that for FY18 you would do 17 million metric tons per annum (MMTA). Is that reasonable?
A: I am not sure as currently we are at 15 million tonne LNG terminal and we are expanding to 17.5, the construction is going on for that; it may take two years more to complete.
Q: Are we looking at tariff increase anytime soon?
A: We have normal tariff which is already agreed. But some marginal raises happens every year as per contractual provision so that we have 5% increases.
Q: Let us talk about demand because it has been extremely strong for you especially in the fiscal gone by; what is the expectation as far Dahej volumes are concerned for FY18?
A: The demand of LNG in the country is growing every year. Dahej terminal is operating normally at capacity and sometimes above the capacity. Overall LNG consumption in the country was around 19 million tonne and a major part of that had come to Dahej terminal. However, same thing we are seeing, going forward, at our Dahej terminal.
Q: You are saying that in FY17 your volume was 19 million tonne?
A: I am not saying that. 19 million tonne was imported totally in the country and quite a major quantity has come to our terminal in addition to other terminals operating.
Q: The growing expectation on the street is that for FY18 you would do 17 million metric tons per annum (MMTA). Is that reasonable?
A: I am not sure as currently we are at 15 million tonne LNG terminal and we are expanding to 17.5, the construction is going on for that; it may take two years more to complete.
Q: Are we looking at tariff increase anytime soon?
A: We have normal tariff which is already agreed. But some marginal raises happens every year as per contractual provision so that we have 5% increases.
Source: Mint, Delhi
