Petronet Expects to Receive Gorgon LNG by 2015-2016

India’s Petronet LNG expects to receive first supplies from Gorgon, Australia to its Kochi terminal by 2015-16, reports Business Standard.

In 2009, Petronet signed a deal to buy approximately 1.5 mtpa (million tonnes per annum) of ExxonMobil's share of LNG from the Gorgon LNG Project over a 20-year term.

"We were given an update by the Exxon Mobil team (on the Gorgon project). We are about 65 per cent through. Tentative timeline is that around November-December 2014, they may be in a position to start the operations there. We can expect 2015-16 for first supplies to come to Kochi from Gorgon," said AK Balyan, managing director and chief executive officer of Petronet LNG in the city of Ahmedabad.

The company inaugurated the Kochi terminal in August and this month it was dedicated to the nation by India's Prime Minister Manmohan Singh.

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