Page 153 - CW E-Magazine (16-1-2024)

Hydrocarbons Hydrocarbons

GAS IMPORTS EXPLORATION
Petronet LNG to set up LNG terminal on Gopalpur port ONGC bags most blocks in eighth round of OALP

LNG importer, Petronet LNG Ltd. storage and regasifi cation unit (FSRU)- tanks and other vaporisation facilities State-run fi rms Oil and Natural Gas nal Data Repository (NDR) were launched water blocks (one each in category-I and
(PLL) has signed binding transaction based LNG terminal with a capacity and meets around 40% of the total gas Corporation (ONGC) and Oil India Ltd. in June 2017 as the key drivers to accele- category-II basins).
documents with Gopalpur Ports to set of approximately 4-mtpa in Phase 1, demand of the country. (OIL) have together secured eight of rate the Exploration and Production
up its maiden LNG terminal on the east with provision for converting to 5-mtpa the 10 oil and gas blocks offered under (E&P) activities in India. In all, 13 bids were received for the 10
coast of India. land-based terminal at Gopalpur Port The Kochi LNG terminal is PLL’s the eighth round of the Open Acreage blocks, which were awarded to four com-
in Odisha. second terminal with 5-mtpa capacity. Licensing Programme (OALP). The government, has in the recent past panies. The estimated investment in the
According to PLL’s social media It was established to cater to the gas made available offshore acreage exceed- awarded blocks for the committed explo-
update, sub-concession agreement, sub- PLL currently has operates LNG requirement of Southern India. In 2023, The consortium of Reliance Indus- ing 1-million sq km, which were earlier ration programme is about $233-mn.
lease deed, and port service agreement terminals at Dahej and Kochi. Adani Total Pvt. Ltd., a 50:50 joint tries Ltd. (RIL) and BP as well as Sun ‘no-go’ areas, for E&P operations. At pre-
with Gopalpur Ports were signed on venture between Adani and TotalEner- Petrochemicals secured a block each. sent only 10 percent of Indian sedimentary Under the Special CBM Round-2022,
December 27, 2023. The Dahej LNG terminal currently gies, commissioned the Dhamra LNG While ONGC secured seven blocks, basin area is under active exploration. It is 16 CBM blocks were offered for
has a capacity of 17.5-mtpa and is under terminal, which is India’s seventh LNG OIL secured one. estimated that after the award of blocks bidding across seven states, covering
Under these agreements, the Indian expansion to 22.5-mtpa in two phases. import and regasifi cation terminal and under the forthcoming OALP-IX and X 5,817 sq km. In all, six bids were received
company seeks to set up a fl oating The terminal has six LNG storage the fi rst on the eastern seaboard. The contracts for the 10 blocks were bid rounds, about 5.6-lakh sq km (16 per for three blocks across 717 sq km, which
signed on January 3 in the presence of cent) will come under exploration by the were awarded to two companies. The
ENERGY SUPPLIES Oil Minister Mr. H. S. Puri. Three coal end of 2024. estimated investment in the awarded
GAIL signs 10-year deal with Vitol for LNG supply bed methane (CBM) blocks were also Under the OALP VIII bid round, the blocks is $7.4-mn.
awarded under the Special CBM Bid
GAIL has tied up with global ral gas marketer and transporter, is demand in India,” said Mr. Russell Hardy, Round-SCBM 2022. 10 blocks offered totalled 34,364 sq km, The fi rst seven OALP bid rounds led
commodity trader Vitol for the pur- engaged in multiple negotiations with CEO, Vitol. Vitol is a global trader with spread across nine sedimentary basins, and to an award of 134 blocks, covering
chase of 1-mtpa of liquefi ed natural gas supplies for long-term purchase of investments in refi neries, gas stations, The Hydrocarbon Exploration and included two on-land blocks (both in cate- 2,07,691 sq km, to leading E&P com-
(LNG) for ten years, the state-run gas LNG. It has around 70% market share storage, and LNG vessels. It trades Licensing Policy (HELP) replacing the gory-I basin), four shallow-water blocks panies. Now, with the award of 10 more
marketer said in a statement. in gas transmission and over 50% in gas 7.4-mbpd of crude oil and products every erstwhile New Exploration Licensing (one in category-I and three in category II/ blocks under round-VIII, 144 exploratory
trading in India. The company and its year, and in 2022, physically delivered Policy (NELP) was approved in March III basins), two deepwater blocks (both in blocks have been awarded under the
“Under this deal, Vitol will deliver joint ventures also have a signifi cant about 14-mt of LNG. 2016 and the OALP along with the Natio- category II/III basins), and two ultra deep- HELP regime, covering 2,42,055 sq km.
LNG from its global LNG portfolio to share in city gas distribution.
GAIL in India on a pan-India basis,” India’s natural gas consumption CLEANER FUEL
the company said. The supplies will “India is a signifi cant and growing has risen 8.5% this fi scal year over the GAIL’s new joint venture plans 10 compressed biogas
start in 2026. LNG market and we are excited to bring previous one. LNG imports were 12%
LNG supply from our global LNG higher. Imported LNG meets 45% of facilities
GAIL, the nation’s largest natu- portfolio to meet this rising natural gas the country’s gas demand.
GAIL India and Bengaluru-based gence and requisite approvals,” a GAIL CNG,” the statement added. TruAlt Bio-
LONG DURATION CONTRACTS ethanol producer, TruAlt Bioenergy, have statement said. Each plant will process energy through Leafi niti Bioenergy owns
Indian Gas Exchange partners S&P Global for benchmark signed a term sheet for GAIL’s equity parti- 10,000 kgs of organic waste per day and and operates India’s second CBG plant
cipation in TruAlt’s subsidiary, Leafi nti produce 100,000 kgs of CBG, while also that was established under the Sustainable
integration Bioenergy Ltd. The jv will set up 10 com- producing solid fermented organic manure Alternative Toward Affordable Transpor-
pressed biogas (CBG) plants with targeted (SFOM) and liquid fermented organic tation (SATAT) scheme in the year 2021,
The Indian Gas Exchange (IGX) Under this collaboration, IGX will sector in the country. The LDCs, ranging production of over 33-million kgs of CBG manure (LFOM). the GAIL statement said.
has entered a data licensing agreement utilise S&P Global’s benchmarks, includ- from three-month to one-year commit- using organic waste as raw material.
with S&P Global Commodity Insights, ing the Platts Japan Korea Marker (JKM), ment lengths, are designed to assist market “A signifi cant boost to the local and Mr. Rajeev Kumar Singhal, Director
enabling the integration of S&P Global’s Platts West India Marker (WIM), and participants in India in securing their natu- GAIL will hold 49 percent stake and agrarian economies will result in employ- (Business Development), GAIL said,
Platts benchmarks into IGX’s upcoming Platts Dated Brent, to settle its planned ral gas supplies with fl exibility. IGX aims TruAlt Bioenergy 51 percent in the joint ment opportunities to over 600 individuals “CBG has emerged as a viable alternative
Long Duration Contracts (LDCs). LDCs. This integration is expected to to provide its buyers the choice between venture. “The investment in setting up while simultaneously providing immense to imported fossil natural gas. The signing
offer diversifi ed contract options to IGX’s fi xed-price terms or prices linked to the the CBG plants will exceed over $72-mn ecological benefi ts. The jv aims to create of the term sheet is a step in the right direc-
The licensing agreement was trading participants, enhancing market international Platts benchmarks, thereby and will be funded through a combination a robust ecosystem for the production of tion considering the emphasis on cleaner
executed on the sidelines of Indian liquidity and fostering a growth-con- enabling effi cient commodity and price of debt and equity. However, this will be CBG from diverse waste and biomass and greener fuel and country’s vision of
Gas Exchange’s 3rd anniversary event. ducive environment for the natural gas risk management. subject to favourable outcome of due dili- sources alongside the growing potential Atmanirbhar Bharat”.

152 Chemical Weekly January 16, 2024 Chemical Weekly January 16, 2024 153

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