LNG delivery, terminal construction and operation will be carried out by Petronet LNG, India's largest LNG terminal operator, using tankers destined for Colombo. By the end of the following year, India is anticipated to begin delivering liquefied natural gas (LNG) to Sri Lanka and eventually establish a marine reprocessing terminal at Colombo Port.LNG delivery, terminal construction and operation will be done by Petronet LNG, India's largest LNG terminal operator, using tankers destined for Colombo. Over a five-year period, the business will provide Sri Lanka with approximately 850 tonnes of super-cooled gas each day. It also plans to build a Floating Storage Restructuring Unit (FSRU) during that period. At the India Energy Week event in Goa, Petronet LNG CEO Akshay Kumar Singh addressed media about this, saying, "Petronet LNG plans to supply around 350,000 tonnes of LNG to the island nation on an annual basis. "Nearly 50 containers per day is the requirement," he continued. There, we'll transport it via the boats. Then, there, it must be reconstituted once again (with the vaporizer). Consequently, 50 tankers need be brought to Sri Lanka each day (one tanker weighing roughly 17 metric tons).Once every two days, the supply will be made utilizing vessels that have room for 100 tankers on average. Sri Lanka has finally decided to accept supply from Petronet LNG after searching for LNG to power gas-based power plants and use in other industries. Regarding the proposed FSRU, it has been discussed for many years and is probably going to be implemented in 2028.The investment plan for it (FSRU) is approximately Rs. 2,500 crore, but we haven't finalized it yet," Singh stated. After the FSRU project receives official approval from the Sri Lankan government, Petronet LNG will draft a Detailed Feasibility Report (DFR).Petronet LNG has two land-based reprocessing facilities in Dahej, Gujarat, with a capacity of 17.5 million tonnes per annum (MTPA), and a 5 MTPA plant in Kochi, Kerala. Petronet LNG has long-term LNG purchase agreements with Qatar and Australia. The Kochi port will supply LNG to Sri Lanka, allowing the facility to reach higher levels of capacity utilization. Through long-term contracts, the company and its promoters, Indian Oil Corporation, GAIL, Bharat Petroleum Corporation, and Oil and Natural Gas Corporation, hope to buy more gas. The Dahej terminal's capacity is being increased by 5 mtpa to 22.5 mtpa by Petronet LNG. Kochi has about 4 mtpa of capacity that is not being used, and by next year, more capacity will be used. Furthermore, near Gopalpur, Odisha, Petronet LNG is constructing a 4-mtpa FSRU.Spot contracts are more vulnerable to price fluctuation than long-term LNG contracts, which tend to have more consistent pricing. By 2030, India hopes to raise the proportion of natural gas from its current 6 percent to 15 percent in its primary energy mix. Currently, 50% of the nation's gas demands are met by LNG imports, and this trend is expected to continue as demand increases.
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