Adani Group is offering 49% of stake in upcoming Dhamra LNG Project to IOC & GAIL
India: Adani Group, an Indian multinational
conglomerate company is planning to sell 49% stake of Dhamra LNG to state
run oil refiner Indian Oil Corporation (IOC) and gas utility GAIL (India)
Limited in INR5,000-crore. In 2015, IOC has already signed to use 60% of
terminal total capacity for its refineries at Haldia in West Bengal &
Paradip in Odisha. Moreover, GAIL also had signed to utilize 1.5 million tonnes
of terminal regasification capacity out of total capacity of 5 million tonnes.
TechSci Research depicts that the upcoming
Dhamra Liquefied Natural Gas (LNG) terminal will play an instrumental role in
filling the gap between demand and supply of natural gas in Eastern India.
Moreover, government is increasing its focus on gas based power projects due to
their high efficiency, low gestation period, environmental factors, and
requirement of less water and land compared to other fuel based power plants.
Various other policies such as recent updates in “Gas Allocation Policy” have
also been implemented to encourage use of gas in different end-user segments.
Thus, LNG is expected to play a crucial role in bridging the gap between demand
and supply of natural gas.
According to a recently published TechSci
Research report “India LNG
Market Forecast and Opportunities, 2025”, India’s LNG demand is anticipated to reach
306.54 mmscmd by 2025, registering a CAGR of 16.89% during 2015 - 2025. Moreover
the report also has evaluated the LNG demand outlook in India and provides
statistics and information on market structure, industry behavior and trends.
The report includes market projections and demand forecasting.