Page 146 - CW E-Magazine (5-8-2025)

Hydrocarbons

REVISED ESTIMATE

Project cost of Petronet LNG’s Gopalpur terminal

up by over Rs. 4,000-cr

State-run Petronet LNG (PLL) said subdued demand for
that project cost of its upcoming terminal the commodity by
at Gopalpur (Odisha) has increased by the power sector
more than Rs. 4,000-crore as the com- due to early rains as
pany opted for a land-based unit. well as maintenance
schedules at some
Among the main reasons behind fertiliser plants.
the decision by India’s largest liquefi ed
natural gas (LNG) importer to go for Petrochemical plans
a land-based LNG terminal is the lack Petronet LNG is
of availability of Floating Storage and looking to raise a
Regasifi cation Units (FSRUs). Rs. 12,000-crore loan
taxes and duties), the company said to fund its expansion plans, its head
PLL said its Board has accorded in a stock exchange fi ling. of fi nance, Saurav Mitra, said in an
in-principle additional investment analyst call. The company is building a
approval for setting up a 5-million The company’s fi rst greenfi eld LNG petrochemical plant in Gujarat at the
tonnes per annum (mtpa) land-based terminal on the country’s East coast cost of Rs. 20,685-crore. Petronet aims
LNG terminal at Gopalpur from earlier will take roughly years to complete. to spend Rs. 30,000-crore in the next
approval of a 4-mtpa FSRU-based few years, and most of that on building a
LNG terminal, for an incremental pro- Subdued performance petrochemical project, Mitra said.
ject cost Rs. 4,048.80-crore (including Meanwhile, the company reported a
taxes and duties). 24 percent y-o-y drop in its consolidated Its capital expenditure for 2026-27
net profi t at around Rs. 842-crore in would be higher than the Rs. 5,000-crore
The overall approved value of the Q1 FY26. The fall in net profi t is due to estimated for the current fi scal year to
project is Rs. 6,354.80-crore (including a decline in LNG imports on account of March 2026, he said.
CAPACITY AUGMENTATION

GAIL gets regulator’s approval to expand Jamnagar-Loni

LPG pipeline

GAIL (India) Ltd. said it has received the capacity of its Jamnagar-Loni LPG currently operating at 100% capacity. The
the Petroleum and Natural Gas Regulatory pipeline from 3.25-mmtpa to 6.5-mmtpa. time period to complete the project is three
Board’s (PNGRB’s) approval to double The longest LPG pipeline in the country is years from date of grant of authorisation.

L&T’s hydrocarbon offshore business bags Middle

East contract

Larsen & Toubro’s (L&T’s) hydro- as being worth over Rs. 15,000-crore. facilities. L&T’s hydrocarbon offshore
carbon offshore business vertical The order encompasses multiple off- vertical is a leading provider of engi-
(L&T Energy Hydrocarbon Offshore) shore packages, and the scope includes neering, procurement, construction,
has secured an ‘ultra-mega’ order from engineering, procurement, construction installation & commissioning (EPCIC)
an unnamed client in the Middle East. and installation of offshore structures, solutions in the offshore oil and gas
L&T classifi es an ‘ultra-mega’ order along with the upgradation of existing sector.

146 Chemical Weekly August 5, 2025

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