STOCK MARKET BSE NSE

LNG terminal to start operations in January

A K Balyan, CEO and MD of Petronet LNG Ltd, said that the LNG terminal at Puthuvypeen will commence operation by the first month of next year. He was speaking to reporters on the sidelines of the visit of Union Food and Civil Supplies Minister K V Thomas at the terminal here on Saturday.

Published: 09th September 2012 09:07 AM  |   Last Updated: 09th September 2012 09:08 AM   |  A+A-

LNG2

A K Balyan, CEO and MD of Petronet LNG Ltd, said that the LNG terminal at Puthuvypeen will commence operation by the first month of next year. He was speaking to reporters on the sidelines of the visit of Union Food and Civil Supplies Minister K V Thomas at the terminal here on Saturday. Balyan said that the Petronet is all set to commence the operation of LNG terminal.

“The works have almost completed and test operations are going on. The tanker vessels will arrive here soon. The test for the docking of the ships will be conducted soon. The work on the pipeline connecting the terminal with Kayamkulam, locations in Karnataka and Tamil Nadu has to be started, he said.

When asked about the delay in commissioning the project, he said that there was no major delay. “In the initial stage we had the plan to set up a plant of 2.5 metric tonnes capacity  but later it was increased to five metric tonnes which caused the delay. But considering the additional capacity, we suffered a delay of just 100 days. The hartals are also a reason for the delay. The less productivity of labourers was also an issue,” he pointed out.

He added that a discussion is being held with the government on setting up of a plant for electricity generation using LNG. “If everything goes well it will be another major project coming in the area,” he said.

K V Thomas said that the LNG terminal will be major relief for the state as we depend on other states to fulfil the soaring demand for the cooking gas. With the completion of LNG pipeline cooking gas will be available at half the price of cylinders.

The minister also held discussions with MLAs S Sharma and Dominic Presentation and Elankunnapuzha panchayat president Beaty Joseph.

“MLAs and other leaders of the area raised concerns over the trouble faced by the fishermen and the safety of the people living near by. These concerns will be intimated to Chief Minister Oommen Chandy and a solution to them will be sorted out,” Thomas said.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp