3. Read Recent News Business

GSPC imports additional LNG cargo to meet gas shortfall

Ahmedabad, Sept 14 (PTI) State run Gujarat State Petroleum Corporation (GSPC) has imported its fifth LNG cargo to meet gas shortfall in Gujarat arising due to outage at Panna-Mukta fields since July this year. “LNG carrier Methane Lydon Volney, loaded from Equatorial Guinea containing over 56,000 metric tonnes of LNG was discharged at the Hazira LNG Private Ltd’s regassification terminal on September 11,” a GSPC official said. “This fifth LNG cargo of the year is in addition to short term supply contract with a Spanish company Gas Natural,” he said. “Force Majeure in Panna-Mukta fields since July 20, is estimated to have created a shortfall of close to 7-8 million metric standard cubic metre per day,” GSPC official said. “The outage has adversely affected entities in the power and city gas distribution arena as well as fertiliser sector,” the official said. “In view of the shortfall of gas arising due to it, we plan to import additional cargoes of LNG from the international market,” he said. 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 35,000 barrels per day and natural gas production of 205 mmscfd per day was halted due to the leakage, a spokesperson of BG group stated.

Leave a Reply

Your email address will not be published.