INDIAN NATURAL GAS & LPG SECTOR: FUELLING THE FUTURE

Article Abstract:

The gas reserves of India has come down to 680 billion cubic metres from 840 billion cubic metres. The gross production has moved up to 22.5 billion cubic metres from 17.5 billion cubic metres in 1990. The net production and supply of natural gas has gone up from 12.5 billion cubic metres in 1990 to 21.2 billion cubic metres in 1996. Natural gas accounts for 8 percent of the total energy needs of India against the international average of 23 percent. Natural gas consumption increased to 18,091 mmscm in 1996 from 7,072 mmscm in 1987. Fertiliser units account for 42 percent of the consumption, the power sector for 38 percent, industrial applications for 12.7 percent, tea plantations for 4.9 percent and the petrochemical industry for 2.6 percent. The Gas Authority of India Limited (GAIL) supplies 56 million cubic metres of natural gas a day, which is 95 percent of the total supply of natural gas in India. The HBJ pipeline is 1,700 km long and it has been increased to 2,000 km. GAIL proposes to set up 4 liquefied petroleum gas (LPG) plants with a capacity of 8.5 lakh tonnes per annum (tpa) of LPG and 2.4 lakh tpa of liquefied natural gas (LNG). The capacity of the HBJ pipeline is 18 million cubic metres a day and it is being increased to 33 million cubic metres a day. The demand for LPG is 4.8 million tonnes compared to the supply of 2.5 million tonnes. The demand is likely to grow at 30 percent a year and reach 6.3 million tonnes by the year 2000. The production and supply of LPG is likely to grow by 10 percent to 3.2 million tonnes by 2000 AD. LPG has a government subsidy of more than 35 percent and the LPG sector will be de- regulated soon. Government regulations allow GAIL to earn 12 percent return on its net worth. Its earnings increased to 18 percent as of 1996. The investors get a return of Rs2.35 for every rupee invested in the LPG business. (rk)

Comment:

India: Gas reserves has come down to 680 bil cubic meters from 840 bil cubic meters

India

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PetroFina: Badami est entr en production

Article Abstract:

On 24 August 1998, the Belgian oil company PetroFina began oil production at the North Alaskan oil field of Badami. 30,000 barrels of oil are expected to be produced daily at the field which has an estimated total capacity of 120mn barrels. The oil will be exported via the Trans-Alaska pipeline. Badami, discovered in 1990 by PetroFina and Conoco, is controlled at 30% by PetroFina, and at 70% by BP (UK) which purchased the rights from Conoco in 1993. PetroFina has 76 onshore and offshore licences in Alaska, and intends to continue developing its presence in the region

Comment:

Begins oil production at the North Alaskan oil field of Badami on 8/24/98 & expecting to produce 30,000 barrels daily

Crude Petroleum, Petroleum, Petrofina S.A.

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Natural freezing the popular choice

Article Abstract:

Growth of natural refrigerants use in factory trawlers due to their economic and environmental benefits is presented.

Crude petroleum and natural gas, CHEMICALS AND ALLIED PRODUCTS, Industrial Gas Manufacturing, Refrigerant Gases, Analysis, Economic aspects, Environmental aspects, Growth, Company growth, Refrigerants, Fishery processing ships, Factory ships (Fishing vessels)

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