Petronet LNG Ltd (PLL) today informed that the supplies of liquefied
natural gas (LNG) from the Australian Gorgon LNG Project will begin from
2015-16.
The company had signed a 20-year long term sales and purchase agreement
(SPA) with an Australian subsidiary of Exxon Mobil Corporation in August
2009 to purchase approximately 1.5 million tonnes per annum (MTPA) of
LNG from the Gorgon LNG Project.
“As per the update given by Exxon Mobil team the project is progressing
on schedule and they are about 65% through. In the November-December
this year, they may begin operations. So we can expect that by 2015-16,
we will be able to get our first supplies from there to our Kochi
terminal,” said A K Balyan, MD & CEO, Petronet LNG Ltd.
“We have already ordered for construction of a fourth ship that would
carry the LNG from Australia to India. It is the same consortium which
is doing our transportation from Qatar and Shipping Corporation of India
would be operating it,” he said.
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