India will soon construct a new LPG import terminal in Kochi, Kerala. Cochin Port Trust will oversee the construction on behalf of Indian Oil Corporation (IOC).
The port has awarded a ₹217.33-crore project to RKEC Projects Private Limited, Visakhapatnam to work on the jetty for super gas tankers. RKEC will set up a Multi User Liquid Terminal (MULT) at the Puthuvypeen jetty that will allow anchoring of super gas tankers. The project includes construction of a terminal with a 230 meters long berth for handling LPG and petroleum products worth ₹182.76 crore and a barge berth that will handle bunkers at a cost of ₹34.57 crore.
Expected to be completed in 2017, the terminal will import 6 lakh tonnes of LPG annually in the initial stage.
The MULT will enable import of LPG by IOC. Currently, IOC imports LPG via Mangaluru Port and supplies it to various destinations in Kerala by long road haulage. The new terminal will end Kerala’s dependence on LPG tanker lorries, that poses a major challenges given the frequent accidents.
Besides, there are also plans to connect the new import terminal with IOC’s Udayamperur LPG bottling plant while also connecting BPCL-Kochi Refinery through pipelines.
Ashutosh Gupta, Chief Manager (LPG-Operations) at Indian Oil Corp Ltd (IOC) will lead discussions on ‘India’s LPG Market Development & Growth Outlook’ at 10th LPGTrade Summit on 23-25 November, 2015, in Istanbul.
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