The HLL Lifecare Ltd (HLL) and the Petronet LNG Ltd (PLL) signed an LNG Sales and Purchase Agreement (LNG SPA) on Monday for the supply of eight metric tonnes of LNG per day for a period of five years.
HLL MD Ayyappan and PLL CEO and MD A K Balyan signed the LNG SPA in the presence of Chief Minister Oommen Chandy.
The PLL would supply LNG by road tankers under the trade name ‘Taral Gas’ from its 5 million metric tonnes per annum (MMTPA) LNG terminal in Kochi to HLL plant in Thiruvananthapuram from January 2014.
HLL is the first organisation in Kerala to avail of the benefits of LNG direct supplies and is the first direct customer of the PLL in the state.
“This is a major initiative of the PLL as it confirms PLL’s move into the sale of LNG by road to customers in Kerala who are not presently on the pipeline route,” Chandy said.