Drawing on its vast experience and carefully nurtured skill sets, IndianOil has made successful forays in diverse areas such as Natural Gas, Petrochemicals, Exploration & Production, Renewable Energy, etc.
Over the years, Natural Gas has emerged as the 'fuel of choice' across the world.
It is steadily replacing traditional fossil fuels due to its environment friendly characteristics which help in meeting the stipulated automobile emission norms. Natural Gas has significant cost advantages over fuels such as Naphtha and commercial LPG.
IndianOil took up natural gas marketing in 2004. Since then, the Corporation has expanded its customer base significantly by leveraging its inherent strengths and countrywide reach. Its innovative 'LNG at the doorstep' initiative has benefited bulk users located away from gas pipelines.
The “LNG at Doorstep” initiative involves making LNG available to the customers not
connected by gas pipeline. Gas is transported through a cryogenic system, stored in a cryogenic holding tank at the target location and re-gassified on-site through vaporizers for use as fuel. The entire operation being concealed eliminates the possibility of adulteration and pilferage. Introduced in 2007, this initiative has been well received and is attracting more customers located away from the pipelines.
IndianOil is co-promoter of PLL (Petronet LNG Ltd.), which has set up LNG (Liquefied Natural Gas) import terminals at Dahej and Kochi, and has marketing rights for 30% of the LNG procured by PLL. It is also in the process of sourcing more quantities of LNG directly to meet the increasing domestic requirements, and is setting up a 5-MMTPA terminal at Ennore near Chennai for LNG imports.
IndianOil currently operates city gas distribution networks in Agra and Lucknow through Green Gas Ltd., its joint venture with GAIL (India) Ltd. The Corporation has also formed a consortium with M/s. Adani Gas Ltd. to develop city gas distribution networks on a pan-India basis.
The Corporation is implementing a 5-MMTPA LNG import, storage and regassification terminal at Kamarajar Port (Ennore) near Chennai at a cost of Rs. 5,151 crore through a joint venture company (JVC). The terminal is targeted for completion in 2018 and pre-project activities are progressing on schedule.
Working to strengthen the gas-based economic development model in the country, IndianOil and GAIL have also entered into an MoU for equity participation in 5 MMTPA capacity LNG receiving, storage and regasification Dhamra LNG Terminal, being set up at Dhamra Port in Odisha.
The Corporation has been participating in the building of City Gas Distribution (CGD) infrastructure in the country. For this purpose, the Corporation had some time back formed two JVCs, namely, M/s. Green Gas Limited (GGL) and M/s. IndianOil-Adani Gas Private Limited (IOAGL). Currently, GGL operates two CGD networks, one each at Lucknow and Agra. IOAGL is implementing laying of CGD network in Chandigarh and Allahabad geographical areas and has also been authorised to develop CGD in Panipat, Daman and Ernakulam by PNGRB.
The Corporation has also been working on scaling up the cross-country gas pipeline infrastructure in the country. It had earlier formed two JVCs, viz., GSPL India Gasnet Ltd. and GSPL India Transco Ltd., for implementing the Mehsana-Bhatinda pipeline, the Bhatinda-Jammu-Srinagar pipeline and the Mallavaram-Bhopal-Bhilwara-Vijaipur pipeline respectively.