The
Company has followed a transparent International Competitive Bidding
process and selected Ras Laffan Liquefied Natural Gas
Company Ltd. (RasGas) as the preferred LNG supplier for
5.0 MMTPA (million metric tonnes per annum) at Dahej and 2.5 MMTPA
at Kochi. This selection was based on the strong commercial package,
which was jointly submitted by RasGas and Mobil LNG Inc. This
supply alliance with RasGas and Mobil provides numerous fundamental
advantages, which will pass through to the consumers. Inherent
economic advantages resulting from the geographic proximity of
Qatar to India and the cost-effective expansion of existing liquefaction
facilities has resulted in a supply package from RasGas, which
could not be matched by any other supplier.
Early
deliverability and access to Qatar's vast gas reserves, providing
long-term supply security with virtual unlimited capability to
meet India's growing energy needs supplement this cost advantage.
Ras Laffan Liquefied Natural Gas Company Limited (RasGas) is situated
on the North East coast of Qatar-one of the world's largest offshore
recoverable non-associated natural gas fields. It was
established by Emiri Decree in 1993. Currently, RasGas is owned
by Qatar General Petroleum Corporation (QGPC), Mobil QM Gas Inc.,
ltochu Corporation and Nissho Iwai Corporation. RasGas
laid the foundation stone for the Train 3 on January 14, 2002.
The first cargo of LNG from RasGas was received at Dahej LNG Terminal
on January 30, 2004.
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