Kochi LNG terminal costly to maintain

Vol 20, PW 1 (22 Sep 16) News in Brief

Petronet-LNG's 5m t/y Kochi terminal earns hardly any revenue but it continues to be a significant drain on company resources - especially to keep the (empty) shipping channel dredged.

Petronet-LNG wants bids in by October 14 in a tender to hire a cutter suction dredger for one year. Bid documents are on sale until September 23 and expected to bid are the Dredging Corporation of India, Hyderabad-based Dharti Dredging, Belgium-based Dredging International, Netherlands-based Boskalis, Dutch company Van Oord, New Delhi-based RDS Projects, AFCONS, Gammon India and Mercator.

Silt deposits are rising every year clogging the berth basin and navigation channel, forcing tankers to wait for days. In 2014-15, PLL spent Rs32.46cr ($5m) on dredging which rose to Rs39.96cr ($6m) in 2015-16.

In August 2013, tanker WilEnergy carrying Kochi's commissioning cargo from RasGas had to wait nine days at anchorage because of silting. Only 13 cargoes have discharged at Kochi since it was commissioned.