LNG Terminal is Nation’s Own - The New Indian Express

LNG Terminal is Nation’s Own

Published: 05th January 2014 08:11 AM

Last Updated: 05th January 2014 08:11 AM

Prime Minister Manmohan Singh urged the buyer nations of Liquified Natural Gas (LNG) in Asia to come together and demand a fair pricing mechanism for gas imported from outside the continent, while speaking after dedicating to the nation the `4,500-crore, five-milliontonnes- per-year LNG import terminal at Puthuvype here on Saturday. “India has less than one percent of the world’s known natural gas reserves. To augment supply of the fuel we either set up LNG terminals or rely on transnational pipelines. Import of natural gas and pricing are the challenges we must meet successfully in the time to come,” Manmohan said after symbolically releasing gas to FACT and BPCL Kochi Refinery. The new terminal, operated by Petronet LNG Ltd, is the second such facility in the country, the first being the 10-million-tonnes terminal at Gujarat’s Dahej. Manmohan said that since the LNG terminal was one of the two major projects announced during his very first trip to Kerala after becoming the Prime Minister, he had a special attachment to the project. “In order to make full use of the project, the natural gas penetration in the state has to be expanded by augmenting the pipeline network. The state government and the Ministry of Petroleum and Natural Gas have to roll out city gas distribution networks in Kerala so that gas can reach a much larger number of households,” he said.

“Since Kochi is strategically located on the east-west trade route and is a centre for transit and trans-shipment services, the shipping industry too will benefit as more ships are mandated to use Liquefied Natural Gas (LNG),” Prime Minister Manmohan Singh said, while speaking after dedicating to the nation the `4,500-crore five-million-tonnes-per-year, LNG import terminal at Puthuvype here on Saturday.

“A new industrial corridor is expected to come up along the gas pipeline route in southern states. The terminal is expected to meet the energy requirements for transport and households in the cities in the region. The LNG terminal will contribute to make Kerala an industry-oriented and investor-friendly destination,” he added.

Speaking on the occasion, Chief Minister Oommen Chandy said it should be examined whether the right to decide the fuel prices should be entrusted with the oil companies. He extended the state’s full support in completing the pipeline work. Oil Ministry Secretary Vivek Ray said though LNG was the greenest available fuel, the pricing remained a challenge.

“The pricing of the fuel should be made competitive. As of now, the country doesn’t have yards to build ships to carry LNG and this should be addressed soon,” he said.

Petroleum and Natural Gas Minister Veerappa Moily, Minister of State for Petroleum and Natural Gas Lakshmi Panabaka, Governor Nikhil Kumar, Union Agriculture Minister K V Thomas,  state Excise Minister K Babu and Petronet managing director A K Balyan also spoke.

cpm leaders defy boycott call

Kochi: Although the CPM Ernakulam district committee had announced that its party members would keep away from the dedication of LNG terminal by the Prime Minister in Kochi on Saturday, two CPM leaders K Chandran Pillai and S Sharma turned up at the function. They reached the venue even before the function began and it is learnt that they stayed there till it ended. As a show of protest against the recent hike in LPG price, CPM district secretary Dinesh Mani on Friday had said the party would observe a Black Day on Saturday when the Prime Minister arrives in the city. He added that elected representatives of the party would also go for a day-long fast at Vyttila on Sunday to highlight the issue. 

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