Page 150 - CW E-Magazine (28-11-2023)

Hydrocarbons

BUSINESS INNOVATION

GAIL does world’s fi rst ship-to-ship LNG transfer;

sets up fl oating dispensing station

GAIL India Ltd. has done the GAIL’s chartered vessel, and saved
world’s first ship-to-ship Liquefied GAIL more than $1-mn.
Natural Gas (LNG) transfer to save on
shipping costs and cut emissions as the First fl oating CNG station
state-owned entity looks at innovative A few months back, GAIL intro-
ways to boost business, company offi - duced a CNG station on a fl oating boat
cials said. in the Ganges in Varanasi to refuel
boats run on environment-friendly fuel.
GAIL has contracted 5.8-mtpa of
LNG from the US, and brings this to There are about 1,700 boats owned
India by ships. The ship typically tra- ny-hired vessel moved a shipload of by private operators that ply the area,
vels a distance of about 19,554 nautical LNG from the US, but mid-way, it out of which about 1,200 operate on
miles for a round trip from Sabine Pass transferred the cargo to another hired diesel and a few on petrol. With about
in the US to India via the Suez Canal vessel of QatarGas, making the ship- 1,200 boats now converted to CNG,
and Gibraltar. This takes approximately to-ship transfer a fi rst. The latter the estimated monthly savings to the
54 days and emits about 15,600 tonnes vessel proceeded to Dahej discharge entire boat-owner community is about
of CO . the cargo. Rs. 70-lakhs. For these two innovations
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GAIL recently won the ‘Innovation
GAIL’s innovative contractual The operation resulted in savings Award – India and Midstream Project
arrangement that results in vessels of about 8,736 nautical miles, equiva- of the Year’ at the Asian Oil and Gas
following an optimised path has re- lent to 7,000 tonnes of CO emission, Awards, which recognises exceptional
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sulted in a signifi cant reduction in shortened the voyage of the vessel from initiatives in the oil and gas industry in
CO emissions. Recently, the compa- 54 days to approximately 27 days for the region.
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Centre slashes windfall tax on crude oil, diesel exports

The Finance Ministry has lowered crude prices saw moderation. While crease to Rs. 1 per litre (from Rs. 2),
the Special Additional Excise Duty the basket of crude oil that India im- while the duty on jet fuel (ATF) and pet-
(SAED), better known as windfall ports averaged $90.08 a barrel average rol, for export, will continue to be NIL.
gain levy, on domestically produced in October and $93.54 in September,
crude oil to Rs. 6,300 per tonne from it has fallen to $84.78 per barrel in Cutting the windfall levy on diesel
Rs. 9,800, effective from November 16. November. and ATF for export will favourably
impact primary fuel exporters – Reliance
The decision has been taken as The SAED on diesel will now de- Industries and Nayara Energy.

L&T Energy Hydrocarbon wins order in Middle East

The Hydrocarbon business of neering, procurement, construction key milestone for our offshore busi-
Larsen & Toubro (L&T), L&T Energy and installation of a new large offshore ness. Our focus continues to be on
Hydrocarbon (LTEH), has received a platform and brownfi eld work of integ- enhancing competencies and leveraging
Letter of Intent for mega offshore order ration with existing facilities. opportunities arising from our core
from a prestigious client in the Middle markets,” Mr. Subramanian Sarma,
East. “This mega order from a new cus- Whole-time Director and Senior Exe-
tomer reaffi rms global acknowledg- cutive Vice President (Energy), L&T
The scope of work comprises engi- ment of our capabilities and marks a said.

150 Chemical Weekly November 28, 2023

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