Petronet LNG to commission second import terminal at Kochi

Written By Unknown on Sabtu, 20 Oktober 2012 | 22.10

Sanjay Dutta, TNN | Oct 20, 2012, 03.16PM IST

NEW DELHI: Petronet LNG, a privately registered firm promoted by state-run oil companies for importing gas in ships, would commission its second import terminal at Kochi in Kerala by the first quarter of 2013 calendar year and expand the capcity of its Dahej facility to 15 million tonne by 2015.

The company would also build a third terminal for importing gas in ships and at Gangavaram in Andhra Pradesh, according to company CEO A K Balyan. The cmpany had on Friday reported its highest quarterly profit at Rs 315 crore in the July-September period on the back of better margins and operational efficiency. ""We operated (the 10 million tonne a year) Dahej import terminal at 106% capacity during the quarter,"" Balyan said while announcing a 21% rise in quarterly profit on Friday.

He said the Kochi the terminal will operate only to less than a fifth of its 5 million tons a year capacity as the off-take infrastructure is not yet ready.

State-owned gas utility GAIL India is laying pipelines connecting the Kochi terminal to consumers in two phases - the first phase connecting four consumers like Kochi refinery and FACT Tranvancore would be completed by December-end. Upon this, the Kochi LNG terminal will be comissioned but it will operate at only 0.5-1 million tons capacity for the first year due to limitation of gas off-take.

The second-leg of the pipeline which will connect Kochi to Bangalore and Mangalore is expected to be completed by next year end, he said adding Kochi terminal would operate at full capacity thereafter.

Import volumes remained flat at 135 trillion units but there was a 5% increase in margin it gets on turning liquid gas back into its gaseous state. Also, the firm got better trading margins on cargoes.

Turnover rose 41% to Rs 7,549 crore. The company had a forex gain of Rs 114 crore against a loss of Rs 52 crore, year-on-year.


Anda sedang membaca artikel tentang

Petronet LNG to commission second import terminal at Kochi

Dengan url

http://sehatputihgigiku.blogspot.com/2012/10/petronet-lng-to-commission-second.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Petronet LNG to commission second import terminal at Kochi

namun jangan lupa untuk meletakkan link

Petronet LNG to commission second import terminal at Kochi

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger