In a statement Petronet MD and CEO Suresh Mathur said, “The Board is likely to meet on October 27 or 28 for approving the Kochi terminal. There is lot of demand for gas in Kerala. BPCL (Bharat Petroleum Corp Ltd) and its subsidiary Kochi Refineries and GAIL India are bullish on local demand and have evinced interest in buying all the 2.5 million tons of LNG we plan to import from Qatar.”
“Rasgas of Qatar [will] sell 2.5 million tons of LNG for [our] Kochi terminal at US$2.53 per million British thermal unit (MBTU), the same price as at Dahej,” he added.
In related news, Mathur has announced Petronet’s Dahej terminal will begin full operations by April next year and demand for its LNG is high.
“This year we are importing only 2.5 million tons of LNG at Dahej [and] we expect the second ship to be delivered by January,” said Mathur.
“Our buyers have informed us that they have sold the additional 2.5 million tons of LNG we plan to import at Dahej from April. GAIL (Gas Authority India Ltd) takes 60% of the quantities imported at Dahej, IOC (Indian Oil Co) 30% and BPCL (Bharat Petroleum Corp Ltd) the remaining 10%,” he added.
