** Sagar Sandesh print version ceases to be published from December 31, 2017. New look E-paper would be available from Jan. 1, 2018 onwards. free of cost.**

LNG terminal at Ennore Port likely to be commissioned in 4 months

The five million ton Liquefied Natural Gas Terminal coming up at the Kamarajar port in Ennore is likely to be commissioned in the next four months. The terminal project conceived way back in 2000 was indefinitely delayed and work commenced only a few years ago.

The Indian Oil Corporation which is putting up the project,had dragged its feet for many years before zeroing in on the project. This will be the first LNG terminal to come up in the East Coast and other ones being set up at Dahej in Gujarat and Cochin.

The terminal being set up at a cost of Rs 5,151 Crores and is expected to ready by December. Pipelines are being laid to various places in Tamil Nadu to carry the gas from the Ennore terminal to industries and also to carry other petroleum products. The prime beneficiaries of the project are Madras Fertilizers and Southern Petro Chemicals SPIC in Tuticorin which can now use natural gas a feed stock. Currently they are using the expensive naphtha as feed stock.

IOC will also be investing funds for City Gas projects in Coimbatore and Salem where is has won the distribution bids recently.

Chennai Petroleum Corporation Ltd (CPCL), a subsidiary of the Indian Oil Corporation (IOC), has planned a capital expenditure of Rs 30,000 crore to expand its refinery capacity at Narimanam in central Tamil Nadu to 9 million ton per annum.

At the IOC group level — IOC and group company CPCL — will be investing about Rs 37,112 crore in Tamil Nadu. The existing refinery has a capacity of 0.5 million tons. The expansion would help availability of petroleum products in Southern Tamil Nadu CPCL has a standalone refinery in North Chennai with 12 million ton capacity. This is the only refinery in the state and there has been demand for another refinery to cater to the needs of southern tamil nadu.

“The investments in the state will include pipeline expansion, construction of captive jetty, additional facilities for petrol and diesel handling, POL (petroleum, oils and lubricants) terminals at an outlay of Rs 7,112 crore in the next three years,” said R Sitharthan, executive director (Tamil Nadu and Puducherry), IOC. Besides, CPCL will be expanding its refinery capacity at Narimanam to 9 million ton per annum at an outlay of about Rs 30,000 crore, he added.

 

Disclaimer
Copyright © 2018 PORT TO PORT - Shipping Services Portal ( Sagar Sandesh ). All rights reserved.

Follow Us