Liquified Natural Gas (LNG) supplier Shell India, which currently sells LNG on short term contract basis to its existing customers in India, is now open to enter into long term and medium term contracts with its clients in the country for sale of LNG.

The company is looking at selling LNG to its customers on long term to medium term basis. "We are willing to enter into long term and medium term contracts with our existing customers in India for sale of LNG. However, it could be possible only when Shell gets supplies, who are ready to supply it LNG on long term basis", Vikram Singh Mehta, chairman, Shell India at the inauguration of its bitumen plant at Savli in Gujarat.

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"Earlier no company was ready to ink long term supply contracts. However, some of the supplier companies have now started showing interest for long term contract", he added.

Shell India today commissioned its second bitumen plant in India at Savli near Vadodara in Gujarat. The new plant, set up with an investment of Rs 40 crore, will cater to the growing demand of bitumen in Gujarat, Rajasthan, nothern Maharashtra and some parts of Madhya Pradesh.

The plant will mainly manufacture emulsions, crumb rubber modified bitumen and polymer modified bitumen and it will have a production capacity of 50,000 tonnes per annum, which can expanded to meet growing market demand.

The first Shell Bitumen plant was commissioned at Uluberia, near Kolkata in West Bengal in December 2006. The 50,000 tonne per annum Uluberia plant supplies products to all major NHAI projects, State road projects funded by Asian Development Bank/ World Bank and state government as well as to various rural road projects across the eastern region.

As far as bitumen business is concerned, the company wants to expand its presence in southern parts of the country and across the country later on. Shell is also planning to bring some more products in India, which include coloured bitumen and performance grade polymer modified bitumen.

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