Is GSPC a central govt. PSU similar to ONGC? Or was it formed by Gujarat state
govt.?
If it belongs to the state, how does it negotiate international trade that
Assam cannot and does not? Just curious.
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India's GSPC to Import More LNG Amid Gas Shortage
by Asia Pulse Pte Ltd
September 01, 2010
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Indian public sector unit (PSU) oil and gas firm, Gujarat State Petroleum
Corporation (GSPC), Monday said it will import additional cargoes of LNG in
wake of shortfall arising due to 'ongoing' force majeure in Panna-Mukta fields
since July.
GSPC on Monday imported its fourth LNG cargo of this year, under the short term
supply contract with a Spanish company Gas Natural, which was offloaded at the
Hazira LNG Private Ltd's regassification terminal.
"LNG carrier Castillo de Villalba, loaded from Trinidad and Tobago containing
over 53,000 metric tons of LNG, was discharged at the Hazira LNG Private Ltd's
regassification terminal on Friday last," a company statement stated.
Force majeure in Panna-Mukta fields since July 20, has affected various
entities in the power city gas distribution as well as the fertilizer sector,
it stated.
"In view of the shortfall of gas arising due to it, we plan to import
additional few spot cargoes of LNG from the international markets," GSPC
stated.
BG Group Plc of UK had shut crude oil and natural gas production from the
Panna-Mukta fields, off the west coast, after a leakage in the sub-sea pipeline
was reported in mid July.
Crude output of about 40,000 barrels per day and natural gas production of 5.5
million standard cubic meters per day were halted due to the leakage.
GSPC proposes to sell gas to city gas distribution, industrial customers, and
power companies across Gujarat, using the state-wide gas grid of its subsidiary
Gujarat State Petronet Limited.
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