India to Get Four More LNG Terminals

India’s Petroleum and Natural Gas Regulator has said that availability of natural gas will improve significantly by 2015 as the production will go up and four terminals will be established in the east and west by then for import.

The Hindu Business Line quoted the regulator as saying, “There are clear signs at least four new terminals for liquefied natural gas will come up. They will enable setting up new pipeline networks in the country to evacuate and supply gas. It takes about 24-36 months for setting up a terminal and about 18 months for floating vessel-based terminal.”

The regulator said the gas shortage has impacted the domestic core power sector. “We are looking at a situation where the gas available will be supplied in a staggered manner to some power plants using pipelines as storage device.