Dabhol's Christmas present is a LNG cargo

Vol 16, PW 8 (01 Nov 12) News in Brief

Hopefully it’s not another non-starter but GAIL says it will bring in a commissioning cargo for the 5m t/y Dabhol LNG terminal by mid-December.

“We are trying to work out the best deal for Dabhol,” says a GAIL source. “It might even be a prompt cargo (sourced at short notice).

” GAIL expects to import a 138,000-cubic metre commissioning cargo at $10 to $10.5/mmbtu. If it succeeds, it is likely to take over a month to commission the terminal, which should begin full commercial operations by early March.

Tragedy was narrowly averted when Dabhol’s fender broke twice this April, forcing GAIL to return a 135,000-cubic metre LNG cargo brought in by LNG carrier Excelerate from Norway’s Snohvit LNG terminal. GAIL is busy repairing the Dabhol jetty using a replacement fender and is likely to complete work by the end of this month.

GAIL (31.52%) and NTPC (31.52%) joint venture Ratnagiri Gas operates the stricken Dabhol terminal.