Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

India aims to double LNG import capacity to 50 mn tonnes a year.

Date: 14-10-2016
Subject: India aims to double LNG import capacity to 50 mn tonnes a year
NEW DELHI: India plans to more than double its annual LNG import capacity to 50 million tonnes in the next few years, Oil Minister Dharmendra Pradhan said today.

Also, as part of strategy to move towards a gas-based economy, the first LNG-driven bus is likely to start plying in Kerala early next month, he said.

The nation currently has capacity to import 21 million tonnes per annum of super-cooled gas (liquefied natural gas or LNG) in ships. This liquid gas is turned back into gaseous state, called regassification, before being supplied to customers like power plants.

"We currently have LNG import and regassification capacity of 21 million tonnes. This we plan to raise to 50 million tonnes in the next few years," he said here.

While globally natural gas makes up for 24 per cent of the energy basket, it is just 6.5-7 per cent in India. "We would like to raise the share of natural gas in the energy basket to 15 per cent in the next 3-5 years," he said.

With domestic gas output dropping, imports of the environment friendly fuel presents the best option.

Petronet LNG Ltd operates a 10 million tonnes a year LNG import terminal at Dahej in Gujarat and has another 5 million tonnes facility at Kochi which is lying mostly idle because of lack of pipeline to take the gas to consumers.

Royal Dutch Shell operates a 5 million tonnes a year LNG terminal at Hazira in Gujarat while a 1.2 million tonnes capacity operational terminal is there at Dabhol in Maharashtra.

While the Dahej terminal is being expanded to 15 million tonnes this year and to 18 million tonnes in future, construction of a breackwater would make 5 million tonnes operational capacity at Dabhol.

Among the new terminals being built is a 5 million tonnes facility by GSPC-Adani at Mundra in Gujarat, Adani-IOC-GAIL combine's similar capacity unit at Dhamra in Odisha and another equal capacity terminal by IOC at Ennore in Tamil Nadu.

Shell and GAIL are looking at building a floating LNG import terminal at Kakinada with initial capacity of 1.75 million tonnes.

Pradhan said Kerala will celebrate its foundation day on November 1 and it is being endeavoured to start trial run of LNG-driven bus on that day.

"Petronet LNG and Indian Oil Corp (IOC) are in discussions with the Kerala government on the issue," he said adding this experiment will be extended to long-haul commercial vehicles and trains in future.

Using LNG directly as fuel in vehicles will help skip one step of converting the imported liquid gas back into gaseous state.

India's natural gas demand is expected to grow from 473 million standard cubic meter per day (mmscmd) now to 494 mmscmd in 2017-18 and 523 mmscmd in 2018-19.

Source : economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 29-11-2020
Notification No. 89/2020 – Central Tax
Seeks to waive penalty payable for noncompliance of the provisions of notification No.14/2020 – Central Tax, dated the 21st March, 2020.

Date: 27-11-2020
Notification No. 109/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

Date: 27-11-2020
Circular No. 52/2020-Customs
Exports of Gems and Jewellery through Courier mode - reg.

Date: 27-11-2020
Notification No. 40/2020-Customs (ADD)
Seeks to impose Anti-Dumping duty on Fluoroelastomers (FKM) originating in or exported from China PR for a period of 5 years, in pursuance of sunset review final findings issued by DGTR

Date: 27-11-2020
Notification No. 41/2020 -Customs (ADD)
Seeks to further amend notification No. 49/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles” originating in or exported from China PR, for a period upto and inclusive of the January 31, 2021

Date: 26-11-2020
Notification No. 43/2020-Customs
Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe BCD rate of 27.5% on Crude Palm Oil

Date: 26-11-2020
Notification No. 39/2020-Customs (ADD)
Seeks to amend notification No. 51/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of "Fully Drawn or Fully Oriented Yarn/Spin Drawn Yarn/Flat Yarn of Polyester " originating in or exported from China PR & Thailand , for a further period upto and inclusive of 31st December, 2020

Date: 26-11-2020
Public Notice No. 30/2015-20
Revision of SION A1827 of Export Products - Ossein

Date: 23-11-2020
A.P. (DIR Series) Circular No. 07
Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign law firms

Date: 20-11-2020
Circular No.51/2020-Customs
Clarifications regarding availment of exemption on temporary import of durable Containers - reg.

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001