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Asia Pulse: INDIA’S PETRONET IN TALKS TO IMPORT 2.5 MT OF LNG FROM AUSTRALIA

NEW DELHI, Feb 28 Asia Pulse – Petronet LNG Ltd (BSE:532522) is in advanced discussions for import of 2.5 million tons of liquefied natural gas (LNG) from the Gorgon Project in Australia, Minister of State for Petroleum and Natural Gas Dinsha Patel said on Tuesday.

“Pricing of LNG would be indicated by the suppliers at the time of conclusion of the agreement, which is linked with financial closure of the project,” he said in a written reply to a question in Rajya Sabha here.

The liquefaction and loading port facilities are planned by the suppliers at Barrow Island in the North West offshore region of Australia, while in India it will be unloaded at Kochi Port.

Petronet LNG Ltd will import 2.5 million tons of LNG from Chevron-operated Gorgon Project from 2012.

The Gorgon Project plans to develop the Greater Gorgon gas fields, located about 130 km off the north-west coast of Western Australia. The Greater Gorgon gas fields contain resources of about 40 trillion cubic feet of gas, Australia’s largest known undeveloped gas resource.

Chevron is operator of the project with a 50 per cent interest, with ExxonMobil and Shell each holding 25 per cent.

The project involves building two trains capable of producing 10 million tons per annum of LNG. Three shipments a week are expected to leave a dedicated LNG loading jetty.

Petronet currently imports 5 million tons per annum of LNG from Qatar at its Dahej terminal in Gujarat. It is building another LNG terminal at Kochi in Kerala with a capacity of 2.5 million tons per annum, expandable to 5 million tons. Kochi terminal will be ready by early 2010.

Besides, the company is also doubling the capacity of its Dahej terminal to 10 million tons by 2009. (PTI)

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2 Comments on “Asia Pulse: INDIA’S PETRONET IN TALKS TO IMPORT 2.5 MT OF LNG FROM AUSTRALIA”

  1. #1 MS aisha MANTU
    on Dec 18th, 2007 at 12:14

    FROM MS AISHA MANTU
    LOME TOGO

    DEAREST FRIEND,

    I AM AISHA MANTU STUDING DIPLOMA AT UNIVERSITY OF TOGO AND THE ONLY HEIRS OF MY PARENT LATE ALH.AND HAJIYA DANTURU MANTU MY FATHER WAS AN EXPORTER ON COCO NUTS,USD METALS AND TRANSPORTER WHERE HE MADE HIS MONEY THEN IN SENEGAL DAKAR WHEN MY MOTHER DIED IN 1999 HE RETURNED HOME TO KARA THE NORTHERN PART OF TOGO SOON AFFTER HE STARTED ACQUIRING ESTATE PROPERTIES THEN GORVERNMENT OF LATE PRESIDENT EYADEMA ARESSTED AND DETAINED HIM AS BEING AN OPPOSITION SOON AFFTER HE WAS RELEASSED HE TOOK ILL AND DIED ON MAY 2006.SINCE THEN HIS HALF BROTHER WHO SURPOSED TO BE MY STEP FATHER ARE CHASING FOR MY LIFE.NOW I HAVE NO OTHER HOPE THAN TO MAKE HASTE LOOK FOR SOME ONE THAT WILL STAND AS MY NEXT OF KIN AND ASSIST ME TO TRANSFER THE SUM OF SIX MILLION TWO HUNRED AND FOURTY SEVEN DOLLARS /USD 6.247/ INTO HIS ACCOUNT.SINCE THE AMOUNTS WAS DEPOSITED WITH THE ECO BANK HERE IN TOGO.PLEASE I NEED YOUR HELP TO URGENTLY TRANSFER THE MONEY.I SHALL SEND OTHER IN FORMATIONS TO YOU AS SOON AS I RECEIVED YOUR REPLY.AND YOU TELL ME HOW MUCH YOU ARE EXPECTING TO RECEIVE AS SOON AS THE MONEY IS TRANSFERED IN YOUR BANK ACCUNT PLEASE I WILL LIKE TO HAVE CONFIDENCE IN YOU SINCE ITS MY ENHERITANCE.AND SOON AS MY MONEY IS TRANSFERED INTO YOUR BANK ACCUNT I SHALL PREPAR TO JOIN YOU THERE TO COMPLETE MY EDUCATION.

    THANKS FOR ASSISTING ME.MAY ALLAH BE WITH YOU AMIN.

    SINCERLY MS AISHA MANTU

  2. #2 SHABBIR HUSAIN
    on Oct 31st, 2007 at 15:45

    We need full contact details of PETRONET

    USA.
    SAUDI ARABIA.
    INDIA
    BRANCH
    address, tel nos/fax nos and E,mail address.

    rgds/shabbir

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