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Petroleum Ministry note on shale gas for wider ... - GAIL (India)

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Vopak c<strong>on</strong>sidering LNG storage In AsiaKuala Lzrnipur, Junel2Dutch oil and chemicals storage company Vopak isc<strong>on</strong>sideringbuilding moreliquefied natural<strong>gas</strong>(LNG) storage terminals, includingits fiSt in Asia, tomeet rising demand as spot trading grows,its chiefexecutive has said <strong>on</strong> Tuesday. With the US <strong>shale</strong> oil and<strong>gas</strong> boom, the company expects LNG supplyto rise,allowing the commodity tobe traded more freely <strong>on</strong> aspotbasis. Thatwill mean more demand <strong>for</strong> LNG storagefacilities similar to those that now facilitateglobal oiltrading in hubs such as Rotterdam and Singapore. aThig-opens up opportunity <strong>for</strong>independent storage. That'sexactly the role thatwe've been playing," Vopak ChiefExecutive Eelco HoekatratoldReuters <strong>on</strong> the sidelines ofan industry c<strong>on</strong>ference, Oil andnatural <strong>gas</strong> producti<strong>on</strong>has rocketed in theUS due to the emergence ofhoriz<strong>on</strong>tal drilling and hydraulic fracturing, or fracking,unlocking decades ofsupply from US <strong>shale</strong>deposits, andthe country is expected tq start exportingLNG later thisdecade.-Reuters


Big names eye stake in Ha!dia PetroKolkata,JthneilPStJs and major private players have evinced interestin buying out West Bengal Government's stake inHaldiaPetrochemicalsLtd (HPL), which hasbeen put <strong>on</strong>the blok. 'The last date <strong>for</strong> ubrnissi<strong>on</strong> of expressi<strong>on</strong> ofinterest was yesterday. Several big companies both in thepublic and private sectois had sho*hkeenness toparticipate in the bidding process," the sources in WestBengal Industrial Development Corporati<strong>on</strong> told PTI.Companies which had submitted Eols were <strong>India</strong>n Oil,ONGC and <strong>GAIL</strong> fromthe public sector. From the privatesector Reliance Industries, Cairn <strong>India</strong> and Jindal<str<strong>on</strong>g>Petroleum</str<strong>on</strong>g> had Thown interest, the sourcessaid. TheState Gdvernment, which holds nearly 40 per cent stakein HPL, has appointed Deloitte as transacti<strong>on</strong>aladviserthrough its investment promotioh arm WIBIDC to seekEols. PTI-


HPL intrinsic value luring oil majors: Experts- The plant is 12 years old so <strong>for</strong> depreciati<strong>on</strong>TIMES NEWS NErWoRKyou- can deduct Its 4,000 ct-ore. Another Rs 4,000Kolkata: The unexpected resp<strong>on</strong>se <strong>for</strong> the statecrore can be deducted <strong>for</strong> debt," the expertadded.Iovernment's stake in Haldia Petrochemicals LtdSo, the valuati<strong>on</strong> of DPI,at current prices will not(HPL) des,ite erosi<strong>on</strong> of over 50% peak networth b¬ less than Its io,ooocrore,,of the beleaguered petrochem majoris witnessed After ProjectSupermax. HFL has a capacity of- -largely owing to its intrinsic value, feel experts. 6.7 lnkh t<strong>on</strong>ne of Ethylene (the capacity is mea1The surpriseparticipant in the race toacquire the „ sured by Ethylene), which is quite substantial in-state government's stake in HPL. Naveen Jindal <strong>India</strong>n standard._ ____has an advanced plantbut the<strong>on</strong>lyproblem Isbroadened thefightam<strong>on</strong>g the state-run and pri ,. thatit is a standal<strong>on</strong>e naphtha cracker plant with- nobackward integrati<strong>on</strong>.This is whyitis facingsoproblems. The promoters should have<strong>for</strong>a reilneryc<strong>on</strong>sidering thefact thatHitGroups Jindal Steel and Power Ltd (JSPL), has. ________'Itstate sectpr oilmajors. '__________For the NaveenJindal Group, which had fo much,-rayed into the oil and <strong>gas</strong> sector, operating under nished'-Jindal<str<strong>on</strong>g>Petroleum</str<strong>on</strong>g> Ltd as part of its diversificati<strong>on</strong>has additi<strong>on</strong>al land, sources added.processin 2108, HPL stake buy would be like a <strong>for</strong> SHOWING INTEREST 1-laldia Petrochemicals has 500 acres free landwardintegratt<strong>on</strong>,saysapetrochem industryveter<strong>on</strong> its 1,200-acre premises. "If the new owner setsan. The grouphas sofaracluiredseven oil and <strong>gas</strong> upagreenfieldunitlil


Big players keen tohave stake in HPLstatesman news serviceKOLKATA, ii JUNE: Dëspitë tht many. 'issues surrounding1-laldia Petrochemicals (HPL), PSUs andmajor private players have evinced interest in buyingout the West Bengal government's stake in HPL."The last datç <strong>for</strong> submissi<strong>on</strong> of expressi<strong>on</strong> ofinterest (Eol) was yesterday.W Bengal commerce and industry minister, MrPartha Chatterjee, said the entire bidding processwould be c<strong>on</strong>ducted by Deloitte <strong>on</strong> behalfof WBIDC.TCG will have thefirst right of refusal tO match thehighest bidder.Several big companies, both in the public and privatesectors, had shown interest in the biddingprocess," said sources in the West Bengal IndustrialDevelopment Corporati<strong>on</strong> (WBIDC).<strong>India</strong>n Oil Corporati<strong>on</strong> (LOG), Oil and Natural GasCorporati<strong>on</strong> (ONGC) and Gas Authori' of <strong>India</strong>(<strong>GAIL</strong>) from the public sector and RelianceIndustries, Cairn <strong>India</strong> and Jindal <str<strong>on</strong>g>Petroleum</str<strong>on</strong>g> from theprivate sector have bid <strong>for</strong> the government's stake intHPL, the sources said.Mr Purnendu Chatterjee led TCG, the other principalpromoter is the sec<strong>on</strong>d largest. shareholderowning 37 per cent stake.


Sd Yet to TurnPSU Pacts intoJVSto AssureMore RevenueMANU BALACHANDRANs.tltLC"Li sigllect MO CS 551111 'hiLly 01liiilarge publicsec:tor r<strong>on</strong>lpan iesin Tndla.ha a heel aL 11g liilg L:o L ake I rivailtage.ul tileclosetteswlthats dSP peersevenas the compa.ny'sfinancialt c<strong>on</strong>tinut tobe muter stress. Sfll had signed Mo Uscvi Hi lea ding governnlellt companies.Iwlnd tug Coal Intli a IC IL) an rl Oil andNLCLTLLI Gas Corporaii<strong>on</strong> (UNCUt lvtran.spsrti ngral goin thepast,but isvetto I alec ClOlll to tlllPt joint veni 11115.tellich C oLhldhelp liltGrin teitli assuredCargo awl reventle.Inaeleliti<strong>on</strong>.tljoihit 'liii erle agrL:'enuentsigned iaetween the company a.nd Ste.elAuthorityof halt a ISAIL)in iiilii it vetto artinare vessels <strong>for</strong> liar oporal 1011.The colnpany had also held talks with___________Nntioianl Thermal Power Corporall<strong>on</strong>(NTPCj to carrY its cargo.but the taPesclidnot vield re stalls."We st'alt aagtijomL 11111 Crles s.tilti cOlhipanics <strong>on</strong>ly if they can add value. WithSAIL. We LUIJ in thep'or"easofFlarqnarulg vessels.while the talks did notyield reanits withNTPC, SrrhhTiiapar.di-IP.eL or at 511 said- Thafee IS exosetevl to takeover as the chairman ofgned Mouswithc'Ltite dohiLpollY 50011.Expertsbtllevt tltal theONOCIOrlramrting firm would have heelI'ar intlw In tier pro pLireLl to 111ccpat, owis tileelowultetrtitithe shipyettolake pitlg inrhl slry had iiitepato <strong>for</strong>med 101110 joint tentorn,jotniWfltOreof vesselsniresveiihPSUS."Utusrlrr rates are verylow .jue to exe:tss supplylilt Illarkel and the delets : a 1101 ilidlsedl CO. had lierirni signed .jtals sellh PSUs to ferrycargo, it could have heen assured of101110 redetlue. Iti additi<strong>on</strong>, the corupanyshould have alsoventured intoalliedearlier, sod Lors IL <strong>for</strong>mer official oi lieSht[gingmtntslrvtoldET.Pecellily SIP signed all Motlwith GasesALlLliorllv of ItiLlilt to Lrauuslaort <strong>gas</strong>fttmthe USandexptrtsbeltevethatlhtnlove is I ilsely iohelp Sd illaprove Cli:, itsnuaricials. her tile year ende.d MardiII,SCI had posted a net loss of tillerore wlule itt 101111 rerdhine stood attidal rrore. The prcbletn with lhtMotls i a thai the e<strong>on</strong> irar i a do 1101 assurereturn cargoand that will be a loss <strong>for</strong>SC!. SCI operatecannot if they <strong>on</strong>lyhave cargo lot our j<strong>on</strong>rllev. Despite Inlug eety close to tilegodertutietit ownedcompanies. Stll has not been ahle toslnkeelealsasdie PSLs arealao lookingfar cheaprr opti<strong>on</strong>s". iaid Anand Sharma.Directorat: iltllvhai heard N rllliratie Marltilne Advisory SIIUs financialpositi<strong>on</strong> hadheen affected largely dnetoriowli turn 111 1110 shipping ntrinslrvand a delay in diversitylrtg Into alliedsectors of shipping, which also indllldeoffshoresupport vessels.Despite having signed an Mall withI iNGII in rletltohelptheoitlnajorin usofisholy operati<strong>on</strong>s ssheri tile charterrates were very high, the ollnpaniescordel 1101 <strong>for</strong>m a joini vetulure. SCI isnow seeking a taeivat of talks whhDMA) to <strong>for</strong>mshore operati<strong>on</strong>s.to expand its off.The Uvlicsl shippingnlinistry has alsoasked i.he r<strong>on</strong>lpanv to 101111 0 jolnt VEII Ctree 551111 pates toenter tile lueratleedredgil 1gsectorto helpits 1)1 lane ia I posit iota.Lastnt<strong>on</strong>ih, aparlilffnerdarvatoiadillgcctulr iltee <strong>on</strong> transpsrt had raisedserious c<strong>on</strong>cerns ahotat the futlire ofSIP,saying thinthe rorhup<strong>on</strong>y might 111ccthe fate of Air <strong>India</strong> unlessit rents costsantl is 11111 ill 0 larofeaslotial II al Clot:Meanwidle, SCIs marketrapieslisali<strong>on</strong>has Illore I hata halved ill the plst <strong>on</strong>eyeLff Wool hulore title'ta.Sei) crore to lessthan 11.700crore asof Tuesday SCI hadsigned Molk with leading govt cos <strong>for</strong>trmuslxarlmg cargoin thepast but is yettotake s.eps to <strong>for</strong>mjointventures.mane. balachandran@timeagrooptoln


ULEHAmESlabhlWtPStTand major prrnte pbyers haveevino±d intereflin buying out West Bengalgovernment's stake inHakuja PelrothemioikLtd(HPL), Mkh has beenput <strong>on</strong> the Mock The last date<strong>for</strong> submisskmof express i<strong>on</strong> of interest (Eol)was M<strong>on</strong>day. Sevsral b mmpaniesboth in the public and private sectorshad shown keenness toparticipate in thebidding process.' sources inWest BengalI*lustrial Devekxpntent Corporati<strong>on</strong>(WB,IDC) told PTL Companie.s that hadsubmiffed Eels wereIndinn Oil. ONGCarxdGATL (rum the public sector.


Pricing makes new deals <strong>for</strong> imported<strong>gas</strong> a 'watchable game: MollyOur Bureau Hub (traded price in the US) LNG re-<strong>gas</strong>ificati<strong>on</strong> capacityNewDelhi,Junell pricing <strong>on</strong> account of high isexpectedtobemorethanso<strong>India</strong>, the world's fifth price band in which oil is ho milli<strong>on</strong> t<strong>on</strong>ne per annum bylargest importer o natural vering around. So, how new 2016-17, with- a supply of 198<strong>gas</strong>, is keenly observing the deals will take place, is fast mmscmd.changing dynamics of global turning into a watchable On macro issues, the Minispricin<strong>gas</strong> stakes run high. game," he said.- - said, <strong>India</strong> needs to correctThis is even as <strong>India</strong> itself is <strong>India</strong>. already has secured and c<strong>on</strong>solidate its approach. terlooking <strong>for</strong> suitable pricing '.supply deals of around 14 mil towards addressing the enermechanism<strong>for</strong>itsdomestical li<strong>on</strong> t<strong>on</strong>ne per annum and gy producti<strong>on</strong> and c<strong>on</strong>sumply-produced<strong>gas</strong>. deals <strong>for</strong> around 20 milli<strong>on</strong> ti<strong>on</strong> issues in right earnest.Thenewdealstoimport<strong>gas</strong> toane per annum are in theOn <strong>India</strong>'s explorati<strong>on</strong>NI. veerpa Molly, Uni<strong>on</strong>po-.will be a "watchable" game, pipeline, Moily said.tential <strong>for</strong> hydrocarb<strong>on</strong>s, he<str<strong>on</strong>g>Petroleum</str<strong>on</strong>g> and Natural Gassaid <str<strong>on</strong>g>Petroleum</str<strong>on</strong>g> and Natural But, the challenge is that Minister said <strong>India</strong>has a large resourceGas Minister M. Veerappa the landed cost of <strong>gas</strong> is ex ' base but a huge volume ofMoily atthe third Internati<strong>on</strong> pected to be $10-$12/ and Spain, and accounts <strong>for</strong> these reserves has not beenal Energy Forum (lEF) NOC and not in the range of$445/ 5.5 per cent of the total trade. exploited yet.lOC (Nati<strong>on</strong>al Oil Companies mmbtu, which customers are With LNG demand expected "We still have 12 per centIndependent Oil Companies) used to, he said. Though.this togrowats-opercentannual unexplored and 22 per centForum c<strong>on</strong>ference <strong>on</strong> 'Chal high price ($10-$12/ ly till 2020 and at 2-3 per cent poorly-explored areas. Evenlenges, Investment & Cooper is in the lower range, the Mm thereafter, <strong>India</strong>, al<strong>on</strong>g with after nine rounds of NELP,ãti<strong>on</strong>' <strong>on</strong> Tuesday. ister said that making this their other Asian counter about 80 per cent area is yet to"Liquefied Natural Gas LNG a cheaper comparable parts, is driving this growth. be explored extensively. In(LNG) pricing is fast turning fuel opti<strong>on</strong> is a great task. A lot of capacities are being termsof drillingintensity, too,into an issue. Importers how <strong>India</strong> has now become the created in <strong>India</strong> and huge <strong>India</strong> has a very low figure,"desire to move away from oil fifth-largest importer ofLNG, numbers of supply deals have he said.linked <strong>gas</strong> prices to Henry after Japan, South Korea, UK, been there, the Minister said. richa.mishra@thehindu.co.in


<strong>India</strong> in TalkstoImport 2OmtLNGa Year: MoilyPRESS TRUST OF INDIANEW DELHIEnergy-hungry <strong>India</strong> is in tallcstobuy as much as2o milhi<strong>on</strong>t<strong>on</strong>nes a yearof liquefiednatural <strong>gas</strong> orLNG but price of over$10 remains a challenge,.11demand rIexpectedto 'agrow—WIthLNCat 5-6%peryeartill2020 and2-3%thereafter,<strong>India</strong> al<strong>on</strong>gwlthotherAslancounterpartsIsdrlvingthlsgrowthOil Minister M Veerappa Mollysaid today."<strong>India</strong> has nowbecome fifthlargest importer ofLNG aiter Japan, South Korea, UK and Spaihand accrnmts <strong>for</strong>5.5% of the total trade," he said addressing third lEFNOC-lOCForum.With LNG demand expected to growat 5-6% per year fill-2020 and 2-3% thereafter, india al<strong>on</strong>gwith other Asiancounterparts is driving this growth, he said."A lot of capacities are being created in <strong>India</strong> and hugenumbers of supply deals have been there. LNG re-<strong>gas</strong>ificati<strong>on</strong>capacityepectedtobemorethansOmiui<strong>on</strong>tollpeSper annum by 2016-17 with a supply of 198 milli<strong>on</strong> stan1dardcjibicmetersperday,"he said.-The nati<strong>on</strong> currently has three operati<strong>on</strong>al LNG importfacilities 10 milli<strong>on</strong> t<strong>on</strong>ne terminal at Dahej and 3.6 milli<strong>on</strong>t<strong>on</strong>neplant at Hazira in Gujarat and 5 milli<strong>on</strong> t<strong>on</strong>neterminal at Dabhol inMaharashtra. AS milli<strong>on</strong> t<strong>on</strong>ne capacityterminal is to be commissi<strong>on</strong>ed In Kochi in Kerala this year. LNGterminalsare being planned <strong>on</strong> the east coast as well.<strong>India</strong> already has secured supply deal of around 14milli<strong>on</strong> t<strong>on</strong>nes perannum (of LNG) and around 20 milli<strong>on</strong> t<strong>on</strong>iiesdeals are in the pipeline. But challenge be<strong>for</strong>e usis that landed cost is expected to remain high inthelowerrangeof $10-l2permffli<strong>on</strong>Britishthermal unit, not in the range of $4-5 which custom:ersareusedto,"hesaid."Making this LNG a cheaper comparable feio'pti<strong>on</strong>isagreattask."hadded.Moily said pricing of LNG (ña'furat<strong>gas</strong> supercooledto turn it into liquid <strong>for</strong> ease of transprtati<strong>on</strong>in ships) is fastturningan issue."Importers now desire to move away from 611linked <strong>gas</strong> prices to henry hub <strong>gas</strong> pricing <strong>on</strong>count of high price band in which oil is hoveringaround," he said.Stating that the country depends <strong>on</strong> imports tomeet 73% of its oil needs, the Minister said he26iná ekrentually achieve self-sufficiency andenergy independence by 2030. Part of this wifibed<strong>on</strong>e byfindingmore oil and <strong>gas</strong>.


<strong>India</strong> in Talks to Buy 2OMT LNG: Mollyhave been there. LNG re-<strong>gas</strong>i line:But the challenge be<strong>for</strong>e ports by 50% by 2020, 75% byPTI ficati<strong>on</strong> capacity is expected us is that landed cost is cx 2025 and eventually achieveNEW DELHI to be more than 50 milli<strong>on</strong> pected to remain high in the self-sufficiency and energyEnergy-hungry <strong>India</strong> is in t<strong>on</strong>ne per annum by 2016-17, lower range of $10-12 per mU independenceby 2030.talks tobuy as much as2O mv with a supply of 198 milli<strong>on</strong> li<strong>on</strong> Britishthermal unit; not Part of this will be d<strong>on</strong>e byli<strong>on</strong> t<strong>on</strong>ne of liquefied natu standard cubic meters per in the range of $4-S that cus finding moreoil and <strong>gas</strong>.ral <strong>gas</strong>(LNG) a yeaz butprice day" he said.,tomersare used to," he said. Dispite very low per capitaof over $10 remains a chal Now, there are three oper "Making this LNG a cheap c<strong>on</strong>sumpti<strong>on</strong> of energy,lenge, Oil Minister MVeerap ati<strong>on</strong>al IANG import fadii er comparable fuelopti<strong>on</strong> is a which is about <strong>on</strong>e-third ofpa Molly said<strong>on</strong> Thesday ties: a 10-mifil<strong>on</strong>-t<strong>on</strong>ne ter greattask," headded, global average, <strong>India</strong> is the"<strong>India</strong> has now become fifth minal at Dahej; a Molly said pricing of LNG fourth largest c<strong>on</strong>sumer oflargestimporter of LNG at: 3.6-milli<strong>on</strong>-t<strong>on</strong>ne plant at (natural <strong>gas</strong> super-cooled to energy in the world and cxterJapan, South Korea, UK Hazira inGujarat and a 5-mil turn it into liquid <strong>for</strong> ease of pected to become third largeandSpain and accounts <strong>for</strong> li<strong>on</strong>-t<strong>on</strong>ne terminal at Dab transportati<strong>on</strong> in ships) is st c<strong>on</strong>sumer of energy by5.5% of the total trade," he hol in Maharashtra. A 5-mil fast turningan issue. 2030, he said,said, addressing the third li<strong>on</strong>-t<strong>on</strong>ne terminal is to be "Importers now desire to <strong>India</strong>'s energyc<strong>on</strong>sumpti<strong>on</strong>lEF NOC-lOC Ebrum. LNG -commissi<strong>on</strong>ed in Kochi In move away from oil-linked will growat around 7.2% durdemandis expected to grow Keraia this year LNG termi <strong>gas</strong> prices to henry hub <strong>gas</strong> ing 2007-2030 in comparis<strong>on</strong>at 5-6% per year till 2020 and nals are being planned <strong>on</strong> the pricing <strong>on</strong> account of high to world average of 1.5%, he2-3% thereafter, driven byIn eastcoast as well, price band in which oil is ho said,dia and other Asian counter "<strong>India</strong> already has secured veringaround," he said. As per IEA projecti<strong>on</strong>s, Inparts,he said. supply dealof around 14-mil Stating that the country de dia willbeneedingadditi<strong>on</strong>al"Alotof capacitiesarebeing li<strong>on</strong>-t<strong>on</strong>ne per annum (of pends<strong>on</strong>importstomeetl3% 271 milli<strong>on</strong> t<strong>on</strong>nes of oil andcreated in <strong>India</strong> and huge LNG) and around 20-milli<strong>on</strong> of its oil needs, the Minister 97milli<strong>on</strong> t<strong>on</strong>nes of oilequivnumbersof supply deals t<strong>on</strong>ne deals are in the pipe said he wants to reduce im alent <strong>gas</strong> per annum by 2030.


<strong>India</strong> in Talks toBuy 20 MTLNGNewDelhi:Ener'-hungry<strong>India</strong> isin talkstobuy as4piUch as20 milli<strong>on</strong> t<strong>on</strong>nes a yearof liquefiednatural <strong>gas</strong> orINGbütpriceofdver Smremains a challenge, OilMinister M VeerapphMoilysaidbn Thesday "<strong>India</strong>has now become fifth larg-'est impoijerof LNG afterJapan, South Korea, 13Kand Spain and accountsfoç "s per cent of the totaltrade," he said addressingthird lEF NOC-JOCForum.. Fri-


clalidenlified locati<strong>on</strong>s <strong>gas</strong> is supplied from cylin organizati<strong>on</strong> madeits lawsstringent by mandatingtbenew pumps includeders mountedAn-MNGL official<strong>on</strong> trucks. installati<strong>on</strong> of metal plates orc<strong>on</strong>ipliance plates <strong>on</strong>thevehiclesada, Vimannagar, rho snpply at these sta thatgivedetailsofthecNGcylinder'said an officialtr<strong>on</strong>idi, oldMmnbai-Pune li<strong>on</strong>s is inlermiltenl MaharashtraNaturalGasUmed(MNGL).asay, Baner, Pune Sata plan is part of MNGL's cf rains or other factors can Headdedthatcertainoriginalequipmentmanufacturers<strong>for</strong>t to eater to the inereas hinder vehicle movement. havebeeninstallingsuchplates<strong>on</strong>tbevehicles."ltbecrnnesalland Sinhgad road ing demand <strong>for</strong> GNG in Curreully, 13 of the 19 CNG theniore necessarytoinslltheseplatesasPESO recentlyothers. Pune. "The districf admin sfati<strong>on</strong>s are daughter issuedadirectivereducingCNGcylindershydrotestperiodto(U had earlier an isfrati<strong>on</strong> is promoting the booster sfati<strong>on</strong> -he ofTi threeyears.Soisnowmandatorytogetthistestd<strong>on</strong>eaftered IhaL ii would open use of GNG exlensively, rialsaidlhal since Ihe rivic everythreeyrs.OncetheCNGvehiclesgettheircylindersCNG pumps in the while the civic body gives body restrirfs pipeline lay tested,theywill needtoupdatetbeirc<strong>on</strong>ipliance plates and haveour of them will he snhsidy to three-wheelers ing work dnring rhe m<strong>on</strong> thedatesoflastretest<strong>on</strong>it.Tbeupdatedplatewillalsohelpusissi<strong>on</strong>ed this July an <strong>for</strong> inslalling UNG kils. In so<strong>on</strong>, it wouldrestarL work keepatab<strong>on</strong>this,"tbeofflthlsaid.1 from the company facf,the civicbodyr<strong>on</strong>vert <strong>for</strong> c<strong>on</strong>versi<strong>on</strong> to <strong>on</strong>line Headdedthatitwasin2ooBthatpeopleinPunestartedWe have also idenfi ed 19 of ifs garbage Thini sfati<strong>on</strong>s <strong>on</strong>ce the m<strong>on</strong>so<strong>on</strong> installingcNGcylindersorkitsintheirvehicles."Withtheto 20 addili<strong>on</strong>al boa pers Lo CNG. Even the Pune ends. three-yeardirective, nljDrityofthe3D,DOOrithhawsand 18000in Pune and nearby Mahanagar Parivahan Ma "MNGL now plans to four-wheelersarealready verdue<strong>for</strong>the hydrotestand will nowwhere additi<strong>on</strong>al hamandal Itd (PM PM I) is c<strong>on</strong>vert a majorify of needtoundergothetest"hesaid. Hefurtbersaidthathithertoumps will be sd up. planning 10 ply CNG buses Ihese lo <strong>on</strong>line slali<strong>on</strong>s by MNGLinstalledsuch pkteswhenvehicleswenttothe regi<strong>on</strong>alimber, however, may <strong>on</strong> city roads,' the official providing pipeline c<strong>on</strong>nec transportoffice<strong>for</strong>tbefitnesstest.So<strong>on</strong>,CNGkitretmfitterwillependirg<strong>on</strong>therech said, addingfhiattherehias tivityto<strong>on</strong>surec<strong>on</strong>rinuous themselv&ixthesec<strong>on</strong>iplianceplates<strong>on</strong>vehiclescomingtoilnercial feasitili been a growing shifl 10 supply. Online slati<strong>on</strong>s them<strong>for</strong>kitinstallati<strong>on</strong>.Tbeofficialaddedthat7o%of vehiclesofficial said, wards CNG which makes it have no scope<strong>for</strong> dry outs," nJnning <strong>on</strong> CNGin Pune are retrofitted.official si 1 the Mi the rrorA ftrporrant to he said.


Steadysupply ofLNG butat a costOURSPECIALCORRESPONDENTNew Delhi, June li:Thegovernmentis making progressin ensuring steadysupplies ofLNG (liquefied natural <strong>gas</strong>)from abroad but at high costs,oil minister Veerappa Mollysaid here today"<strong>India</strong> has already securedsupply deal of around 14 innli<strong>on</strong>t<strong>on</strong>nes(mt)çer annum (ofLNG) and around 2Omt dealsare in the pipeline. But challengebe<strong>for</strong>eus is that landedcost is expected toremain highin the range of $10412 per milli<strong>on</strong>British thermal unit, notin the range of $445, whichcustomers are used to. Makingthis LNG a cheaper comparablefuel opti<strong>on</strong> isa great task,"Molly said at an oil and <strong>gas</strong>meet here.He said high oil priceswere <strong>for</strong>cing LNG importersto shift from an oil-linkedprice <strong>for</strong>mula to Henry hub<strong>gas</strong> pricing, which is based <strong>on</strong>prices <strong>on</strong> the New York MercantileExchangeand Interc<strong>on</strong>tinentalExchange, whichhas its headquarters in Atlanta.The pricing situati<strong>on</strong> remainsvery fluid, Moily added."So how new deals will takeplace, is fast turning into awatchable game."The Centre is also lookingat the price opti<strong>on</strong>s <strong>for</strong> <strong>gas</strong> producedin the country by firmssuch as Reliance and ONGC."The Rangarajan Committeereport (<strong>on</strong> <strong>gas</strong> pricing) isunderactive c<strong>on</strong>siderati<strong>on</strong>and the acti<strong>on</strong>s <strong>for</strong> implementati<strong>on</strong>ofItsrecommendati<strong>on</strong>shave been initiated," Mollysaid.


<strong>India</strong> in talks to buy 20 MT ofLNG: Moily___________________I NO a cheaper comparable<strong>India</strong> is in talks to buy as nunibers of supply deals hax efuel opti<strong>on</strong> is a great task,"_ ______much as 20 milli<strong>on</strong> t<strong>on</strong>nes a been there, LNG re-<strong>gas</strong>iticahe added. Moily said pricing_ _ ycar of liquefied natural <strong>gas</strong> ti<strong>on</strong> capacity cxpcctcd to beof LNG (natural_ ____________________ <strong>gas</strong> superor LNG but pricc of over $ morc than 50 milli<strong>on</strong> t<strong>on</strong>ncs cooled to turn it into liquidNEW nitFik Fnergv-hnngry ing created in Tndia and huge____________________10 remains a challenge, Oil per annum by 2016-17 nith foi ease of transportati<strong>on</strong> inMiruster M Verappa Moily a supply of 198 inilli<strong>on</strong>stanships) is (as ruing_ ______all issue.said <strong>on</strong> Tuesday dard cubic meters per day, Importers now desire to"<strong>India</strong> has now become he saidmove away from oil-linkedtitth largest importer ot LNG 'Ihe nati<strong>on</strong> currently has- _________ _________<strong>gas</strong> prices to henry hub <strong>gas</strong>aftcr Japan, South Korca, thrcc operati<strong>on</strong>al LNG mi pricing <strong>on</strong> account of highUK and Spain and accounts port facilities -10 milli<strong>on</strong> pr'cc band in wh'ch oil is<strong>for</strong> 5.5 per eeiit of the total toiuieterminal atDahej and hove ng awn id,' lie said.I mdc," he said aildressing 3.6 rriillinri t<strong>on</strong>rie plant atQ Mn stem M Veer appa Mo t,Si' I log I hal I lie countrythird IFS NOC-IOC Fomm 1-lazira in Gujarat and .5 niil depends <strong>on</strong> imports tomeetWith LNG demand expected h<strong>on</strong> t<strong>on</strong>ne terminal at Dabliol well, <strong>for</strong>e us is that landed cost is 73 per cent of its oil needs,to grow at 5-6 per cent per in Maharashtra. A5 irnlli<strong>on</strong> "<strong>India</strong> already has secured expected to remain high in the Minister said he wantsyear till2020 and 23 percent t<strong>on</strong>ne capacity terminal is to supply deal of around 14 niil the lower range of $1012 to reduce imports by 50 perthereafter, <strong>India</strong> al<strong>on</strong>g with be commissi<strong>on</strong>ed in Kochi in li<strong>on</strong> t<strong>on</strong>nes per annum (of per milli<strong>on</strong> British thermal cent by 2020, 75 per cent byother Asian counterparts is Kemala this year LYG) and around 20 mil unit, not inthe rangeof$ 4-5 2025 and eventually achievedriving this growth, he said I .NG I ermirials ate lieng li<strong>on</strong> l<strong>on</strong>nes deals are in Ilie wh idi cu.sIotners are used self-sufficiency 'and energy"Alotnfcapacitiesarehe planned <strong>on</strong> theeastcnast as pipeline. Rut challengehe to" he said. "Making this independenceby 2030. Cii................................................................................................................................................................................era— aaaaaa


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