AndhraNews.Net - Import of LNG

New Delhi: July 29, 2003

Fertilizer plants, which use natural gas for feed stock and fuel, are facing shortage of natural gas because of dwindling domestic gas supplies. Import of natural gas including liquefied natural gas (LNG) is under Open General Licence (OGL) and therefore does not require Government approval.

However, the Government has approved the formation of a Joint Venture of Indian Oil Corporation, Bharat Petroeum Corporation Limited, Oil and Natural Gas Corporation Limited and Gas Authority of India Limited by the name of Petronet LNG Limited (PLL). PLL is setting up an LNG terminal at Dahej in Gujarat for the import of five million tonne per annum of LNG. The terminal is expected to be commissioned by first quarter of 2004. PLL also plans to set up an LNG terminal at Kochi for which almost all pre-project activities have been completed. Further progress will depend on market tie-ups for the gas. The re-gasified LNG from the Dahej terminal may be available for meeting the deficit of fertilizer plants also.

This information was given by the Minister of State for Chemicals & Fertilizers, Dr. Chhattra Pal Singh, in a written reply to a question in the Lok Sabha today.

Press Release by: PIB/AM/Hb

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