Shirish Nadkarni
OGJ Correspondent
MUMBAI, Nov. 16 -- Petronet LNG's much-delayed $435 million, 2.5 million tonne/year (tpy) LNG terminal at Kochi is expected to go on stream in March 2009.
The state-owned company will float a global tender early next year to invite bids for the engineering, procurement, and construction contract for the terminal, which is to be scaled up to a capacity of 5 million tpy at a later stage.
Since the project has received all the necessary clearances, work is expected to begin toward the end of first-quarter 2006.
Petronet owns a 5 million tpy LNG terminal at Dahej, on the Gujarat coast. The capacity of this terminal, too, is to be doubled in view of projected requirements for natural gas to fuel several power plants planned in the area.
