Dhamra LNG to receive 30 cargoes
Adani-Total's Dhamra LNG terminal seems ready to ramp up its LNG cargo intake.
A well-placed source tells us the 5m t/y LNG terminal is expected to receive around 30 cargoes in the year to March 31 (2025), its second year of commercial operations. He adds this works out to more than 50% utilisation of the installed capacity.
"Dhamra is receiving two to three cargoes a month," he continues. These cargoes are brought in either by IndianOil, which has booked 3m t/y capacity or by GAIL, which has booked 1.5m t/y capacity.
Other companies can book the remaining 500,000 t/y capacity. Dhamra is expected to receive around 45 LNG cargoes in the year to March 31 (2026), working out to around 80% capacity utilisation.
Dhamra has inbuilt facilities to increase capacity utilisation by another 1m t/y "with relatively minor technical modifications," we hear. Adani-Total is not considering any increase in capacity beyond this.
Surjeet Singh Lamba, meanwhile, has formally taken full charge as CEO of Dhamra LNG Terminal, a wholly-owned subsidiary of Adani-Total. As reported on August 22 (2024), Adani Enterprises fuel (LPG) trading head Lamba was previously given additional charge of Dhamra soon after the surprise resignation of SP Singh, its first CEO, who quit in July 2024.
Before joining Adani Enterprises, Lamba was a Mumbai-based ED at IndianOil, heading its all-India LPG business. Dhamra began operations in May 2023.
From May 21 (2023) to May 20 (2024), it operated at 2.25m t/y of the installed 5m t/y capacity, as specified in the regasification agreements with GAIL and IndianOil. GAIL pays Rs60.18/mmbtu ($0.73) as regasification charges under its 20-year use-or-pay agreement with Adani-Total.
IndianOil pays a comparable amount.