Financial Daily from THE HINDU group of publications
Tuesday, Feb 03, 2004

Cross Currency

Group Sites

Industry & Economy - Events

Petronet Dahej plant to be commissioned on Feb 9

Our Bureau

The Union Minister of Petroleum and Natural Gas, Mr Ram Naik, with the Chairman and Managing Director of Reliance Industries Ltd, Mr Mukesh Ambani, at the second Asia Gas Buyers' Summit held in Mumbai on Monday. — Paul Noronha

Mumbai , Feb. 2

PETRONET LNG Ltd's five million-tonne LNG re-gasification plant will be commissioned on February 9 after the arrival of the first natural gas shipment from Qatar, Mr Ram Naik, Union Minister of Petroleum and Natural Gas, said here on Monday.

``The commissioning of the first LNG plant will take place at Dahej on February 9, as the shipment of 1.38 cubic metres of LNG has arrived from Qatar,'' Mr Naik said at the second Asia Gas Buyers' Summit.

PLL will be investing close to Rs 7,700 crore in setting up the facility of which, Rs 2,900 crore have been invested in setting up the terminal, Rs 800 crore in the new ship `Disha' and for pipeline from Dahej to Vijaipur, the Minister said.

The second LNG import facility, the 2.5 million-tonne terminal being set up by Shell at Hazira, is also at an advanced stage and is likely to be commissioned by this year-end.

Mr Naik claimed that the Government would introduce the much-awaited Petroleum Sector Regulatory Bill "once the NDA Government is re-elected."

Among other speakers at the summit, Mr Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said his company might be interested in setting up city gas distribution networks once the Government formulated the policy.

Mr Ambani said the Government needed to formulate a regulatory system for the growing gas business. He said the country might be able to access gas at $2-3 per million British thermal units against the world average of $ 5.5-6 mbtu.

Ms Anne Quinn, Group Vice-President, BP Plc, meanwhile, said the group along with partner Tata Power was in touch with `authorities' for reviving the troubled 2,184-MW Dabhol power plant and mostly-constructed LNG terminal.

"Dabhol is increasingly an important infrastructure for India. It would be a tragedy not to see it come to life," Ms Quinn said.

More Stories on : Events | Petroleum

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ISACA wing bags award

Opening the door for more goodies?
Devolution formula must reward States, says Jayalalithaa
IBRD to study Karnataka's development models
`Perception panel' to spruce up Bengal image
Recapture CIS markets, engineering exporters told
Machine tools sector too goes for outsourcing
Polluted Pampa crying for attention
English Indian Clays told to fix pollution problem
Rolling back of customs duty — Picture tube makers fear inverted duty structure
Chile keen on selling wine to India
`India will benefit more in the post-quota period'
Hong Kong woos Indian investment
`Romania will be happy to be a gateway'
Trauma care centres on highways mulled
Transco may buy 620 m.u. to meet power shortfall
CERC orders `free' transmission line availability
REC to fund Bengal thermal project expansion
Shipping cos make most of freight market boom
`More consolidation in steel sector imminent'
Scrap penalty for delay in service tax payment, says PHD Chamber
Karnataka Mayors' plea
JC Penney to increase textile outsourcing from India
Linking cotton yarn price with export `not correct', says SIMA
TT Services to launch Visa support services for New Zealand
Hyundai emerges as second biggest exporter
Centre plans stringent norms for food products — PFA Act amendment on cards
Global Hospitals to expand
Building expo in Delhi from Feb 18
`Duty sops to import copper cathodes may hit small units'
ISRO for info kiosks
KFCC threat to stop film production
MNC drug cos ready to swallow pill
Role of NGOs hailed
Centre gives nod for Coimbatore industrial cluster project
Power centre
Petronet Dahej plant to be commissioned on Feb 9
`Tex Spares 2004' to hold business meet on wind energy
Granite expo
Traditional products pull down H1 export growth
Duty-free credit entitlement certificate route norms relaxed — Service providers allowed to import `any' capital goods
Chhattisgarh paves way for pvt. role in tourism

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line