Decision made for Indian Greenfield LNG project

Petronet LNG, a major player in India’s liquefied natural gas market, has made a final decision to move forward with its proposed floating storage and regasification unit (FSRU) project at Gopalpur. This will be the company’s first facility of its kind on the nation’s east coast. Equipment and machinery relevant for the oil and gas industry often need a PESO certification in order to be approved for the Indian market.

The board of Petronet LNG has approved the 4 million tonnes per annum Gopalpur LNG phase one import project, which carries an estimated cost of around 23 billion Indian rupees (around $278 million). The plan is for the project to be operational by the end of 2025. Site of the operation is Ganjam, Odisha and will be financed through a debt and equity combination.

Additionally, Petronet LNG has stated that the FSRU-based receiving and regasification scheme has the potential to be later on converted into a land-based terminal, with 5 million tons per annum capacity.

The company currently operates two land-based terminals, one in Gujarat with over 17 million tpa capacity and one in Kerala with 5 million tpa. There are current plans to expand the capacity at the Gujarat facility. Petronet LNG has also considered locations such as Andhra Pradesh and the Andaman and Nicobar Islands for future import facilities.

Petronet LNG is a consortium made up of India’s state-owned Oil & Natural Gas Corporation, Indian Oil Corporation, Gail, and Bharat Petroleum Corporation, who hold a combined 50% stake, with the remaining 50% being publicly held.

PESO certification is issued by the Petroleum and Explosives Safety Organisation of India. Relevant product groups or components include gas and pressure vessels, valves and fittings, or safety equipment. A complete list can be found on the page about PESO certification mandatory products.

If you are interested in understanding what requirements are needed for your product to be imported into India, please do not hesitate to contact us by email or phone (Europe: +49-69-271 37 69 261, US: +1 773 654-2673). There is no cost or obligation for us to check for you. If a certification need is discovered we can provide a quotation to make sure that all your certification needs are covered.

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For more information about PESO certification, please refer to our free brochure “PESO Certification Made Easy“.

Verena Numssen

About the author: Verena Numssen is managing director of MPR International GmbH

Publisher: MPR International GmbH

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