Page 150 - CW E-Magazine (22-10-2024)

Hydrocarbons

INFRASTRUCTURE
ONGC mulls mini-LNG plants to evacuate gas

from isolated fi elds

State-owned Oil and Natural Gas pumped into the network for supply to and demand centres, there remains a
Corporation (ONGC) is looking to set users like power plants, fertiliser units substantial volume of stranded gas
up mini-LNG plants to evacuate natu- or city gas retailers. (non-connected) that is required to be
ral gas from wells located in areas not tapped for enhancing domestic supplies
connected with pipelines. The fi rm has ONGC has fl oated a tender seek- and meeting the needs of nearby
identifi ed fi ve sites in Andhra Pradesh, ing manufacturers/service providers to demand centres. The stranded volumes,
Jharkhand and Gujarat for setting up tap stranded natural gas. The locations it said, range from 5,000 to 50,000
mini plants at wellhead that will con- identifi ed for setting up mini-LNG standard cubic metres per day that can
vert the gas pumped out from under the plants in the tender are two sites at be produced for up to fi ve years.
ground into liquefi ed natural gas (LNG) Rajahmundry in Andhra Pradesh and one
by supercooling it. each at Ankleshwar in Gujarat, Bokaro in Prior to fl oating of this tender,
Jharkhand and Cambay in Gujarat. ONGC had entered into a partnership
This LNG will be loaded on cryo- with nation’s largest fuel retailer Indian
genic trucks and transported to the The tender document stated that Oil Corporation (IOC) to set up a small-
nearest pipeline where it will be re- while the country has an extensive net- scale LNG plant near its Hatta gas fi eld
converted into its gaseous state and work of pipelines that connect supply in Vindhyan basin in Madhya Pradesh.
CONSUMPTION TRENDS
Oil use falls for second straight month in September

India’s oil consumption fell for a refi ned products consumption fell 2.6% affected the sales of diesel and petrol, an
second straight month in September, and diesel declined 2.5% year-on-year. industry executive said. Passenger vehi-
which would weigh on global crude Diesel sales have grown 1.7% annually cle sales fell 19% year-on-year in Sep-
prices that are already under pressure in the past fi ve years. Diesel accounts tember, while commercial vehicle sales
from ailing Chinese demand. for 38% of the volume of all refi ned declined 10.5% and two-wheelers 8.5%.
products consumed in the country.
India’s consumption of refi ned Petrol, India’s second-most used fuel, India, the third-largest oil consumer
petroleum products fell 1.6% year-on- sold 3% more in September, about and importer, has been seen as a key
year in September, driven by a surprise half the average annual growth rate of source of global oil demand growth, espe-
1.8% contraction in diesel demand 5.8% in fi ve years. cially given the Chinese economic strug-
ahead of the festive season, according gle. India accounts for about 5% of the
to the oil ministry data. In August, total The decline in vehicle sales has global demand, compared to China’s 15%.
PARTNERSHIP
IOC, EverEnviro form compressed biogas jv

Indian Oil Corporation (IOC) will to accelerate the deployment of CBG waste, agro waste, and industrial agro
form an equal joint venture with Ever- plants nationwide,” the nation’s top waste. Earlier, BPCL had announced
Enviro Resource Management Pvt. Ltd. refi ner said in a statement. a joint venture with Bengaluru-based
to set up compressed biogas (CBG) GPS Renewables to develop CBG
plants. Established in 2019 by Eversource projects. BPCL plans to construct,
Capital, EverEnviro offers solutions operate, and maintain CBG plants
“By leveraging their combined ex- for the management of various waste across India and sell CBG and its
pertise, Indian Oil and EverEnviro aim streams, including urban municipal derivatives.

150 Chemical Weekly October 22, 2024

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