Question : LNG DEMAND

 

(a) the liquefied natural gas requirement of the country;  

(b) the estimated LNG requirement for the country by 2015;  

(c) whether Petronet of India has signed a US$ 12.5 billion with Australia to import 2.5 million tonnes p.a. of LNG;  

(d) the period of supply of above LNG from Australia; and  

(e) the price at which the above LNG is going to be imported from Australia?  

MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI DINSHA PATEL)

(a) and (b): One of the sources of natural gas is Liquefied Natural Gas(LNG), which is imported in liquid form and then regasified before use. The demand for Regasified Liquefied Natural Gas (RLNG) is not assessed separately. It depends on the total demand for natural gas in the country. The Working Group on Petroleum & Natural Gas Sector for the XI Plan has projected the demand of natural gas for 2007-08 at 179.17 Million Standard Cubic Meter Per Day (MMSCMD), whereas the domestic production is projected at 80.54 MMSCMD. The deficit could be made up by import of LNG. The installed capacity of LNG terminals in the country is 7.5 MMTPA, which can supply about 27 MMSCMD of natural gas. The Working Group on Petroleum & Natural Gas Sector for the XI Plan has projected demand and supply of natural gas during 2011-12 at 279.43 MMSCMD and 285.42 MMSCMD, respectively. The Working Group has not estimated the demand for natural gas for the year 2015-16 as the Indian gas market is in a stage of transition.  

(c) No, Sir. However, Petronet LNG Limited is in advanced stage of discussion for tie up of 2.5 MMTPA of LNG from Gorgon project in Australia.  

(d) The supply of LNG will be for 25 years.  

(e) The price of LNG has not been finalized at the present stage of discussions.