Project Profile
Value: US$770 M (estimate)
Location: New Mangalore Port, Dakshina Kannada district of Karnataka state, India, north of the Gurupura river
Capacity: 2-3 MMTPA capacity (expandable to 5 MMTPA)
Start-up Year: 2018
ONGC, with BPCL and Mitsui, will set up a re-gasification LNG terminal at New Mangalore Port, Dakshina Kannada district of Karnataka state, India, north of the Gurupura river. The consortium will carry out a Feasibility Study for a terminal of 2-3 MMTPA capacity, expandable to 5 MMTPA. To formalise the intent, the ONGC-led consortium signed a MoU with New Mangalore Port Trust (NMPT) on 18th of March 2013. The MoU documents the Port’s No-Objection to carry out the feasibility studies and intention to extend all cooperation to the consortium. Feasibility studies on the project will include Technical, Marine and Environment dimensions. The studies would reveal concrete action plans and an investment decision is expected by early 2014. The consortium is eyeing a timeline of 2018 for commissioning.
Mangalore has a unique position vis-à-vis the future Demand and Supply matrix of LNG. Mangalore region rides on an LNG demand of 2-2.5 MMTPA. The demand for Gas and LNG is sustainable, expected to grow significantly with the Industries expansion plans. Once the gas pipeline infrastructure is in place, Mangalore region will get connected to all neighbouring states. The coastal location of Mangalore also has a strategic advantage of readily available all-season operating port with favourable marine conditions and proximity to existing and upcoming global supply sources of LNG.
Operators:
Oil and Natural Gas Corporation Limited (ONGC)
Bharat Petroleum Corporation (BPCL)
MITSUI & CO., LTD.