Page 10 - LNG Today

c APAc It Ies

Dahej plant already running

at 110% capacity

One cannot write off the Qatar
investment plan as good sense may
prevail on both sides, says Prabhat
Singh, MD & CEO, Petronet LNG.
Edited excerpts:

How are you utilizing the capacities? We are also hearing that your investment plans in
By and large we have been able to maintain the Qatar have slowed down because you could not reach
plant well and we have been running Dahej at 110% an agreement relating to the molecular pricing. Are
capacity. We have continued to have good profits. you calling it off?
No. The point is in good sense that may prevail in both
How were the volumes for this quarter and what is the parties and we may end up actually doing a good
your outlook going ahead? deal because there is a strong case. I am looking at it
from one perspective and Qatar is looking at it from
This quarter we have maintained virtually the same
volumes as it was in the last quarter. These volumes will a different perspective. If we both look at the same
continue in the same manner till the time our expansion perspective, perhaps we may not conclude. But if they
comes up because today we are operating at the start seeing value in what we are proposing and we start
highest capacity. It may be unsafe to operate at a higher seeing value in them and if we conclude, then Qatar is
capacity than that. a natural corollary to India because they are the closest.
We hardly spend 30-33 cents in transportation cost.

What channel do you think Indian companies will
adopt to purchase oil from Iran? There were talks Source: Economic Times
of trading in exchange of rupee. Do you see that
happening?
If there are sanctions, then less and less oil comes into
the market. The price per barrel may go high and the
price barrel goes high, then obviously the pricing since
it is indexed to that would be higher. If the spot in the
short-term prices become lesser than that, then we may
have a stretch. Otherwise, till now whatever we have
seen is that the long-term contracts are picked up by
everybody. In H1, we have not faced any problem about
not lifting of the cargos. I anticipate that it will continue
like that.

10 November 2018 - January 2019 LNG TODAY