IANS | 07 Mar, 2024
Limited, Oil and Natural Gas Corporation (ONGC) and Shell Energy
India (SEI) Private Limited on Thursday signed a tripartite memorandum
of understanding (MoU) to explore opportunities for import of ethane and
other hydrocarbons and development of evacuation infrastructure at
Shell Energy Terminal in Gujarat's Hazira port.
Earlier, GAIL had entered into a bilateral MoU with SEI for
scouting opportunities in different facets of energy cooperation,
wherein a feasibility study was conducted by a reputed consultant on
developing ethane import infrastructure in the existing SEI terminal at
Hazira.
ONGC has a bilateral MoU with GAIL for, among other things, importing and handling of hydrocarbon.
In
view of the emergence of ethane requirement in India and proposed
development of ethane infrastructure, the three parties -- ONGC, GAIL
and SEI -- have joined hands.
Speaking at the event, Rajeev Kumar
Singhal, Director (Business Development), GAIL, said, "Ethane has
emerged as a preferred petrochemical feedstock in India and development
of its import facilities have gained considerable traction. Definite
plans are being formulated to import ethane for domestic petrochemical
plant requirements."
This MoU, among other things, includes
cooperation with clear focus for developing ethane import facilities
after gap assessment in existing Shell Hazira Terminal facilities and
usage of existing pipeline routes and facilities.
The MoU signed
envisages to foster efficiency and swift progress of the shared project
by leveraging the combined strengths of all three parties.
