Second Dabhol spot LNG cargo in February

Vol 16, PW 13 (24 Jan 13) News in Brief

GAIL is riding a wave of success since finally commissioning the Dabhol LNG terminal in Maharashtra earlier this month (January).

GAIL wants to bring in a second spot LNG cargo at the 5m t/y terminal in early February and has invited bids from companies who can supply a standard-sized cargo of 135,000-cubic metres between February 1 and 10. Gazprom, Excelerate, Vitol, BG, Gas Natural and GDF Suez are among those expected to bid by the January 29 deadline.

“(GAIL chairman) BC Tripathi wants GAIL to bring in at least 18 to 24 spot cargoes at Dabhol in 2013,” says a company source. But that seems overly ambitious without a breakwater so LNG tankers can berth during the monsoon season from May to October.

GAIL chairman Tripathi declared Dabhol officially commissioned on January 10 at a press conference at Mumbai’s Taj Hotel. GAIL (31.52%) and NTPC (31.52%) joint venture Ratnagiri Gas operates Dabhol on a 25-year lease.