Companies

IndianOil to double gas pipeline networks in cities

Our Bureau Mumbai | Updated on January 09, 2018 Published on August 29, 2017

Sanjiv Singh, Chairman of IndianOil

State-owned Indian Oil Corporation has initiated a massive capacity expansion of its gas and piped natural gas networks in urban areas, Chairman Sanjiv Singh said at the company’s 58th AGM, in Mumbai on Tuesday.

“The existing gas pipelines network of 15,000 km is being expanded to 30,000 km. As the second largest player in natural gas, IndianOil is investing in gas infrastructure as a strategy to meet future demand by building gas import terminals and pipelines, expanding capacities and customer base and pursuing city gas distribution in diverse markets,” Singh said.

India is promoting a gas-based economy by doubling gas usage to 15 per cent from the current 6.5 per cent, he added.

With the growing demand for petrochemicals, particularly polymers or plastics, IndianOil plans to invest about ₹32,000 crore more in petrochemical projects. These include a revamp of existing capacities, new projects for production of mono ethylene glycol, purified terephthalic acid and petcoke gasification at Paradip, value addition in C4 and C5 streams at Panipat and a polypropylene unit at Barauni, Singh added.

Published on August 29, 2017
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