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FUELLING THE GAS REQUIREMENTS OF THE NATION
Natural gas is seen as a great energy sourceof the 21st century, and to provide energy security to our customers, BPCL diversified into the gas business. The emerging gas demand in the country provides BPCL with an opportunity to expand its existing portfolio of energy supply.
The Bharat Petroleum Natural Gas Company was an early mover into the gas business, co-promoted Petronet LNG Ltd, along with IOC, ONGC and GAIL. The equity structure consists of 12.5% each by the promoters, 10% by Gaz de France, and 5.2 % by ADB and the balance by public.
PLL along with off takers, has finalised and signed long-term sale purchase agreement with Ras Gas for the supply of 7.5 MMTPA of LNG over a period of 25 years to Dahej Terminal. Recently agreements were also finalised with Exxon Mobil Australia for the supply of around 1.44 MMTPA LNG commencing in 2014-15, to be supplied over a period of 20 years to Kochi Terminal.
Out of the 7.5 MMTPA to be imported at the Dahej terminal, BPCL has marketing rights for 10% of the quantity whereas GAIL and IOC have the marketing rights for 60% and 30% respectively. BPCL’s marketing share at the currently under construction Kochi terminal is 40%.
In addition to being a co-promoter of PLL, BPCL has also been a first mover in the CGD business by co-promoting Indraprastha Gas Ltd (IGL), a joint venture with GAIL, by setting up a gas distribution network in NCR. BPCL thereafter also co-promoted three more CGD networks by forming JVCs viz. Sabarmati Gas Ltd (SGL) in Gujarat with GSPC, Maharashtra Natural Gas Ltd (MNGL) and Central UP Gas Ltd (CUGL) with GAIL.
BPCL has also participated in the bidding process initiated by PNGRB for laying, building and operating CGD networks in new geographical areas and for cross country pipelines, forming various consortiums.
In the year 2010, BPCL has commenced marketing of LNG by Tank Trucks in collaboration with Inox India Ltd and have commissioned the first pilot project at General Motors, Halol in Gujarat.
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