INDIA: Petronet to invest $150 mn oin Gujarat

Petronet LNG Ltd, India's largest liquefied natural gas importer, plans to invest about 150 million dollars to build a second jetty at its Dahej LNG import terminal in Gujarat.

"The company's existing 11.5 million tonnes a year jetty at Dahej can receive one LNG tanker every alternate day. But to avoid disruption due to outage or mishap, a second jetty is being considered," an industry source said.

Petronet is raising the Dahej terminal capacity to 12.5 million tonnes from current 6.5 million tonnes and needs another jetty to increase operational flexibility, safety and security. It has commissioned UK-based consultant HR Wallingford to carry out marine impact studies for the jetty.

Another jetty for the Dahej solid cargo port would be constructed one-km north of Petronet LNG's present jetty. The new LNG jetty is likely to come up south of the existing one.

Meanwhile, the company is also planning to set up a shipping subsidiary to help transport LNG to its expanding network of receiving terminals.

Petronet wants to hold 49 per cent stake in the shipping joint venture while the remaining 51 per cent would be offered to shipowners and operators of vessels. Sources said the shipping arm would take stakes in around 10 LNG carriers that would be required to ship the fuel.

Petronet already has three LNG carriers - 1,38,000 cubic metre Disha and Raahi are shipping LNG from Qatar to Dahej import terminal in Gujarat while the third is on order at Samsung Heavy Industries in Korea for develiery in 2009.

Baja