Petronet LNG to set up floating LNG terminal at Gopalpur
OIL & GAS

Petronet LNG to set up floating LNG terminal at Gopalpur

The largest liquefied natural gas importer in India, Petronet LNG Ltd, would invest Rs 2,306 crore to build a floating LNG receiving facility at Gopalpur port in Odisha. According to a tweet from the company, it has inked a contract with Gopalpur Ports Ltd. for the facility, which would have an annual capacity of around 4 million tonnes.

"We are pleased to announce that @PetronetLNGLtd is moving forward with establishing its presence on the east coast of India by signing a term sheet with Gopalpur Ports Limited on December 14, 2022 for the establishment and operation of LNG facility at Gopalpur port in Odisha," it stated.

The company's board had approved the expenditure last month for constructing the floating storage and regasification unit (FSRU)-based LNG terminal in Gopalpur.

LNG is natural gas that has undergone supercooling, becoming a liquid with 1/600th the volume of a gas. This facilitates simple ship transit. It is converted back into gas at the receiving facility before being delivered to manufacturers to make fertiliser, produce electricity at power plants, or be converted into compressed natural gas (CNG) for use in automobiles.

A combination of loan and equity would be used to fund Petronet's project in the Ganjam district of Odisha, which is anticipated to be operational by the end of 2025.

The Adani Group is constructing a facility at Dhamra port in collaboration with TotalEnergie of France, and Indian Oil Corporation (IOC) operates a 5 million tonnes per year facility at Ennore in Tamil Nadu. Gopalpur will be the third LNG terminal on the east coast.

The FSRU-based reception and regasification plan, according to Petronet management, has the option to be changed in the future to a land-based terminal, with an anticipated capacity of 5 million tonnes per year.

In order to address the rising gas demand in the country's eastern and central regions, the company intends to charter hire an FSRU for the Gopalpur terminal.

It now runs a 5 million tonnes plant in Kochi, Kerala, and a 17.5 million tonnes per year terminal at Dahej, Gujarat. The Dahej terminal is being upgraded to have a 22.5 million tonne capacity. Both are terminals located on land.

Petronet is building a new jetty that can also handle propane and ethane cargoes, as well as more LING storage tanks and bays for loading trucks, to add 5 million tonnes of additional capacity to Dahej, already the largest LNG import facility in the world.

Petronet is owned by the state-owned companies IOC, Oil and Natural Gas Corporation (ONGC), GAIL (India) Ltd., and Bharat Petroleum Corporation Ltd. (BPCL), which each control 12.5% of the company.

The largest liquefied natural gas importer in India, Petronet LNG Ltd, would invest Rs 2,306 crore to build a floating LNG receiving facility at Gopalpur port in Odisha. According to a tweet from the company, it has inked a contract with Gopalpur Ports Ltd. for the facility, which would have an annual capacity of around 4 million tonnes. We are pleased to announce that @PetronetLNGLtd is moving forward with establishing its presence on the east coast of India by signing a term sheet with Gopalpur Ports Limited on December 14, 2022 for the establishment and operation of LNG facility at Gopalpur port in Odisha, it stated. The company's board had approved the expenditure last month for constructing the floating storage and regasification unit (FSRU)-based LNG terminal in Gopalpur. LNG is natural gas that has undergone supercooling, becoming a liquid with 1/600th the volume of a gas. This facilitates simple ship transit. It is converted back into gas at the receiving facility before being delivered to manufacturers to make fertiliser, produce electricity at power plants, or be converted into compressed natural gas (CNG) for use in automobiles. A combination of loan and equity would be used to fund Petronet's project in the Ganjam district of Odisha, which is anticipated to be operational by the end of 2025. The Adani Group is constructing a facility at Dhamra port in collaboration with TotalEnergie of France, and Indian Oil Corporation (IOC) operates a 5 million tonnes per year facility at Ennore in Tamil Nadu. Gopalpur will be the third LNG terminal on the east coast. The FSRU-based reception and regasification plan, according to Petronet management, has the option to be changed in the future to a land-based terminal, with an anticipated capacity of 5 million tonnes per year. In order to address the rising gas demand in the country's eastern and central regions, the company intends to charter hire an FSRU for the Gopalpur terminal. It now runs a 5 million tonnes plant in Kochi, Kerala, and a 17.5 million tonnes per year terminal at Dahej, Gujarat. The Dahej terminal is being upgraded to have a 22.5 million tonne capacity. Both are terminals located on land. Petronet is building a new jetty that can also handle propane and ethane cargoes, as well as more LING storage tanks and bays for loading trucks, to add 5 million tonnes of additional capacity to Dahej, already the largest LNG import facility in the world. Petronet is owned by the state-owned companies IOC, Oil and Natural Gas Corporation (ONGC), GAIL (India) Ltd., and Bharat Petroleum Corporation Ltd. (BPCL), which each control 12.5% of the company.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?