Petronet LNG (PLL) is expecting liquefied natural gas (LNG) supplies from the Australian Gorgon LNG Project by 2015-16. The company had entered into a 20-year long term sales and purchase agreement (SPA) with an Australian subsidiary of Exxon Mobil Corporation in August 2009 to purchase approximately 1.5 million tonnes per annum (MTPA) of LNG from the Gorgon LNG Project.
Recently, Prime Minister Manmohan Singh had dedicated PLL’s LNG terminal at Puthuvype, Kochi to the nation. However, the terminal, despite having the capacity to supply up to 18-20 million metric standard cubic meters per day (mmscmd) is presently operating at 5% of the capacity supplying only 1 mmscmd.
Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.
