subject: Stainless Steel Banding - Lng Development - Bs Thermal [print this page] State explorer Oil and Natural Gas CorpState explorer Oil and Natural Gas Corp. Ltd., or ONGC, and its partners said they would invest around $10 billion in two giant gas fields and an LNG project in Iran, media reports said quoting Iranian Deputy Oil Minister Seifollah Jashnsaz.
In return, Iran will sell 6 million tons a year of liquefied natural gas (LNG) to India to meet its growing energy needs.
ONGC Videsh, the overseas arm of ONGC, and Hinduja Group firm Ashok Leyland Projects Services (ALPS) late yesterday evening inked agreements to take 20% interest each in South Pars Phase 12 gas field.
Phase 12 is the largest of the 28 Phases, in which the South Pars gas field in Persian Gulf has been divided, and the development of South Phase will cost $7.5 billion, Jashnsaz said.
ONGC and ALPS along with Petronet LNG also signed pact to take 20% stake in Iran LNG Co.The deal has to be cleared by their respective governments.
SP-12 is to produce 3 billion cubic feet per day of gas, two-thirds of which is to be converted into LNG for export. Gas from SP-12 would go to Iran LNG, which is building a $4.35 billion plant at Tombak Port by 2011 to turn it into liquid state, so that it can be shipped in cryogenic vessels. The remaining gas output would be consumed internally. The field would also produce 120,000 barrels per day of condensate that would be exported.
BS Thermal - Stainless Steel Banding
The development of LNG plants demand large amounts of metal cladding and ancillary materials including stainless steel banding, toggles and screws as typically supplied by BS Thermal.
by: Martin Roche
welcome to Insurances.net (https://www.insurances.net)
