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| GSPC to import more LNG cargo in wake of gas shortage |
| Press Trust of India / Ahmedabad Aug 30, 2010, 21:16 IST |
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PSU oil and gas firm, Gujarat State Petroleum Corporation (GSPC), today said it will import additional cargo of LNG in wake of shortfall arising due to 'ongoing' force majeure in Panna-Mukta fields since July last.
GSPC today imported its fourth LNG cargo of this year, under the short term supply contract with a Spanish company Gas Natural, which was off-loaded at the Hazira LNG Private Ltd's regassification terminal.
"LNG carrier Castillo de Villalba, loaded from Trinidad and Tobago containing over 53,000 metric tonnes of LNG, was discharged at the Hazira LNG's regassification terminal on friday last," a company statement stated.
Force Majeure in Panna-Mukta fields since July 20, has affected various entities in the power city gas distribution as well as the fertiliser sector, it stated.
In view of the shortfall of gas arising due to it, we plan to import additional few spot cargoes of LNG from the international markets, GSPC stated.
BG Group Plc of UK had shut crude oil and natural gas production from the Panna-Mukta fields, off the west coast, after a leakage in the sub-sea pipeline was reported in mid- July.
Crude output of about 40,000 barrels per day and natural gas production of 5.5 million standard cubic metres per day was halted due to the leakage.
GSPC proposes to sell gas to city gas distribution, industrial customers, and power companies across Gujarat, using the state-wide gas grid of it's subsidiary Gujarat State Petronet.
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