GSPC plans LNG import

Gujarat State Petroleum Corp (GSPC) is in talks with Oman, Qatar, Algeria and Egypt to import liquefied natural gas (LNG), a company official said on Friday. GSPC wanted to import spot cargoes of LNG and use Royal Dutch Shell?s terminal at Hazira or Petronet LNG Ltd?s Dahej terminal to receive and regassify LNG, the official said.

Both Shell and Petronet?s terminals are connected to GSPC?s gas grid in Gujarat. ?There are lot of fertiliser plants willing to buy regassified LNG at the current spot prices,? he said. India has so far received 10 spot cargoes this year in the range of $8.50 to $11.50 per million British thermal unit.

The official said GSPC was keen to get into LNG business and was in talks with the Adani group and HPCL to set up a LNG import terminal, possibly at Pipavav or Mundra port.

Source: The Financial Express, October 28, 2006
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