Shell
unveils India’s first LNG receiving terminal
Posted: 19 September 2003
Shell India Private Limited, a member of the Royal Dutch/Shell
Group of Companies the largest private LNG supplier in the world,
announced the unveiling of India’s first private sector Liquefied
Natural Gas (LNG) receiving terminal, at Hazira (Surat) in Gujarat.
The two massive cryogenic LNG storage tanks were unveiled by the
Gujarat Chief Minister Shri Narendra Modi and the Union Minister
for Petroleum and Natural Gas, Shri Ram Naik in the presence of
Shri Kashiram Rana, Union Minister for Rural Development, Smt. Jayawanti
ben Mehta, Union Minister of State for Power, Mr. Malcolm Brinded,
Group Managing Director, Royal Dutch/Shell Group of Companies and
Mr Vikram Singh Mehta, Chairman, Shell Group of Companies in India.
With an estimated investment of USD 600 million, Shell’s
Hazira project is amongst the largest greenfield foreign direct
investments in the energy sector in India.
Upon completion, the LNG terminal will have a capacity of 2.5 million
metric tonnes of LNG per annum, rising to 5 million tonnes (equivalent
to approximately 19 million standard cubic metres of gas a day).
Over 50% of the project work is completed and the commissioning
of the terminal is scheduled to begin in the second half of 2004.
Sustained commercial operations will begin in the last quarter of
2004.
The terminal capacity can be expanded to 10 million tonnes per
annum. Shell is also working on plans to develop a multi-cargo,
all-weather port to handle solid, bulk and containerised cargo at
Hazira.
According to Mr Malcolm Brinded, who is also Chief Executive Officer
of Shell Gas & Power: “The terminal emphasises our firm,
long term commitment to India. Shell will partner the Government
of India in its endeavour to build an economy that has access to
an abundance of clean and efficient fuel. Shell will focus on customer
commitments, ensure competitiveness, servicing flexibility and sustainable
relationships and establish a long term presence as a gas supplier
to key markets such as power and fertilisers.”
Mr. Vikram Singh Mehta, Chairman Shell Group of companies in India
said: “Shell’s vision is to establish itself as the
most successful new energy company in India in terms of business
success and reputation. The Shell Hazira companies strive to bring
plentiful supplies of clean energy to India and become the ‘partner
of first choice’ for Indian commerce and industry.”
Mr. Marc den Hartog, Director (Gas & Power), Shell India Private
Limited said: “Hazira is a global first for the LNG industry.
Because of the unique circumstances of the growing Indian gas market,
Hazira will offer great flexibility in contract duration and match
customer demand profile by seasonality. Shell is one of the largest
private equity producers of natural gas and this ensures a multi-source
supply”.
Mr Nitin Shukla, CEO, Hazira Project companies said: “Shell’s
leadership in the critical elements of the LNG value chain makes
Shell Hazira an unparalleled partner for reliability. Flexible contracts,
reliable supplies at competitive prices – with all of these,
Shell Hazira will offer gas at the best package of terms in this
market.”
For more information see www.shell.com.
Posted by Richard Price,
Editor Pipeline Magazine
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