By Shirish Nadkarni
MUMBAI, Mar. 1 -- GAIL (India) Ltd. plans to invest 15 billion rupees ($340 million) to build a floating gas processing plant in Myanmar.
The government-owned company recently received bottling and marketing rights for LPG to be used as cooking fuel effective Apr. 1, 2006, and wants the supply infrastructure in place by then. Engineers India Ltd. was commissioned to prepare the feasibility report.
GAIL plans a barge-mounted plant in Yetagun gas field in the Gulf of Martaban off Myanmar to produce 250,000 tonnes/year of LPG from about 11.3 million cu m/day of gas. Currently, Myanmar exports Yetagun gas to Thailand by pipeline.
After liquids removal, lean gas from the plant will go to Thailand.
GAIL Chairman and Managing Director Proshanto Banerjee said the project's LPG can move to ports on India's east coast, such as Haldia and Visakhapatnam.