Page 12 - AsianOil Week 07 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA The Prime Minister asserted that while quarter. In the previous quarter, PBT was
India is working to meet the growing energy Rs 1,243 Crore. PAT for the current quarter
Modi lays foundation stone demand, It is also reducing our energy import has been at Rs 878 Cr as against PAT of the
dependence and diversifying import sources.
corresponding quarter which stood at Rs
of key Tamil Nadu projects For this capacity is being built. In 2019-20, 675 Crore. PAT of the previous quarter was
India was 4th in the world in refining capacity.
Rs 927 Crore.
The Prime Minister Shri Narendra Modi About 65.2 million tonnes of petroleum The Company has reported highest
dedicated to the nation and laid the foundation products have been exported. This number is ever PBT of Rs 3,112 Crore in the current
of key projects of the oil and gas sector in expected to rise even further, said the Prime nine months end ed 31st December, 2020
Tamil Nadu today via video conferencing. Minister. (current period), as against Rs 2,625 Crore
Prime Minister dedicated to the nation the INDIANOIL, February 17, 2021 in the corresponding period . The PAT for
Ramanathapuram - Thoothukudi natural gas the current period has been at Rs 2,326 Cr as
pipeline and Gasoline Desulphurisation Unit Petronet LNG posts Q4 against the PAT of the corresponding period
at Chennai Petroleum Corporation Limited, of Rs 2,339 Crore.
Manali. He also laid the foundation stone of results The strong financial results for the quarter
Cauvery Basin Refinery at Nagapattinam. ended 31st December 2020 was achieved
Governor and Chief Minister of Tamil Nadu, During the quarter ended 31st December, due to resurgence of demand to pre-COVID
and Union Minister for Petroleum and Natural 2020 (current quarter), Dahej terminal 19 level, operational efficiency and effective
Gas were present on the occasion. processed 222 TBTU of LNG, as against 222 commercial planning by the Company.
The Prime Minister raised the issue of TBTU processed during the corresponding PETRONET LNG, February 12, 2021
India importing over 85 percent of oil and 53 quarter (Q3, FY 2019-20). In the previous
per cent of gas to meet the demand in 2019- quarter (Q2, FY 2020-21), 243 TBTU of LNG ADB says “first phase”
20. He asked, can a diverse and talented nation was processed. The overall LNG volume
like ours be so energy import-dependent? processed by the Company in the current of Turkmenistan’s TAPI
He stressed had we focused on these subjects quarter was 235 TBTU, as against 233 TBTU
much earlier, our middle class would not processed in the corresponding quarter. In the pipeline to launch in 2021
be burdened. Now, it is our collective duty previous quarter, LNG volume processed was
to work towards clean and green sources of 254 TBTU. The Asian Development Bank (ADB) in
energy, reduce energy dependence. “Our During the nine months ended 31st its “Asian Economic Integration Report 2021”
Government is sensitive to the concerns of the December, 2020 (current period), Dahej report has said that the first phase of the
middle class”, he emphasized. terminal processed 645 TBTU of LNG as Turkmenistan–Afghanistan–Pakistan–India
To achieve this India is now increasing against 679 TBTU processed during the (TAPI) natural gas pipeline project remains
the focus on ethanol to help farmers and corresponding period . The overall LNG on track and is set for a launch in 2021.
consumers. There is a focus on furthering volume processed by the Company in the The 1,814-kilometre TAPI pipeline
usage of solar power to become a leader in the current period was 677 TBTU, as against the is designed to run from Turkmenistan’s
sector. Public transport is being encouraged LNG volume processed in the corresponding Galkynysh gas field to the Indian city
and alternative sources like LED Bulbs are period of 708 TBTU. of Fazilka via Herat and Kandahar in
being embraced to enable huge savings for The Company has reported PBT of Afghanistan and Quetta and Multan in
middle-class households, The Prime Minister Rs 1,172 Crore in the current quarter, as Pakistan.
said. against Rs 902 Crore in the corresponding Construction on the 816-km Afghan
section of the TAPI pipeline officially began in
February 2018, but nearly three years later no
significant progress has been reported despite
some security assurances from the Taliban.
Moreover, the current state of the Turkmen
section of the pipeline also remains shrouded
in mystery.
BNE INTELLINEWS, February 12, 2021

EAST ASIA
NYK to build four new LNG-

fueled PCTCs

NYK has concluded a ship-building contract
with China Merchants Jinling Shipyard
(Nanjing) for four LNG-fueled PCTCs. These
four vessels will be delivered from 2022
to 2023 and are planned to be assigned to
transport vehicles mainly to/from Europe
and/or to the Middle East.

P12 www. NEWSBASE .com Week 757 18•February•2021