KOCHI: With the increase in natural gas consumption for the City Gas project included, Petronet LNG Limited to set up new storage at Kochi terminal. Currently, there are two reservoirs. One more will be installed. The investment amount is 600 crores. The aim is to supply natural gas from Kochi to the entire South India.
The terminal, which opened in August 2013 at the Kochi Port Authority site on Vypin Island, supplies gas to the states of Kerala, Tamil Nadu and Karnataka. From Kochi to Mangalore, the supply is through a pipeline laid by the Gas Authority of India (GAIL) and from the terminal by trucks.
The capacity of the two reservoirs is five million tons. Current consumption is 20 percent of this. The shift of large industries to LNG and increasing consumption of city gas and CNG necessitated the new tank.
According to a report submitted by Petronet LNG to the Bombay and National Stock Exchanges, the new tank will be the hub for supplying LNG from Kochi to the entire South India. With the completion of the Kochi - Mangalore pipeline and the completion of the Bengaluru GAIL pipeline in November 2024, the consumption of the Kochi terminal will increase to 50 percent.
Future is safe
Joint venture
Natural gas will be imported from abroad in liquid form and gasified at the terminal and stored in huge tanks. Gas will be supplied from the terminal through a pipeline. It is called city gas for cooking and compressed natural gas (CNG) for vehicles. Petronet LNG Limited is a joint venture of public sector oil and natural gas companies. The company operates LNG import terminal at Dahej in Gujarat and Kochi in Kerala. The Kochi terminal was built at a cost of Rs 4,700 crore.
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