Petronet LNG’s Kochi terminal touches break-even sales volume of 1 mmtpa
After a few initial glitches, Petronet LNG’s Kochi terminal seems to be on its course with meeting Kerala’s natural gas requirements.
The ₹4,700-crore terminal languishing due to under capacity utilisation ever since its commissioning in 2013, has now touched a break even volume of one million tonnes per annum sales. “We have already registered a 20 per cent growth in capacity utilisation, thanks to increased intake of natural gas by BPCL Kochi Refinery and FACT,” TN Neelakantan, Terminal Head, Petronet LNG Ltd (PLL), told BusinessLine.
BPCL has enhanced its offtake by 2.4 million standard cubic metre per day (MSCMD), while that by FACT accounts for 0.9 MSCMD. Above all, the road movement of LNG as liquid is also on the rise for customers in Thiruvananthapuram and Tamil Nadu, he said.
