New Delhi sources reported that the Petroleum and Natural Gas Regulatory Board (PNGRB) last month issued the authorization for the Kakinada-Vijayawada-Nellore pipeline. Meanwhile according to the authorization letter, the 522 km pipeline would have a capacity to carry 18 million standard cubic meters per day of natural gas.
Meanwhile according to source PNGRB said in the letter starting from Kakinada it will go to Rajahmundry and Vijayawada and onwards to Guntur and Ongole before terminating at Nellore. Further the IMC is a port terminaling and infrastructure company that is engaged in bulk liquid tank storage, dry bulk terminals, international trading, and oil exploration businesses. Incorporated in 1935, the company was formerly known as The Indian Molasses Company.
Moreover Kakinada is the landfall point of natural
gas being produced from KG basin fields in Bay of Bengal. A floating liquefied
natural gas (LNG) import facility is also planned at Kakinada and the pipeline
would help that the fuel to customers down south. Furthermore PNGRB said IMC's
Kakinada-Vijayawada-Nellore pipeline would have 4.5 mmscmd capacity for leasing
to third parties on common carrier principle basis.
