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ONGC to set up five retail outlets in current fiscal
Mumbai, May 06: Oil and Natural Gas Corporation (ONGC) would set up less than five retail outlets in the current fiscal and was looking to set up a lNG terminal at Mangalore besides a host of other opportunities in the energy chain.
Mumbai, May 06: Oil and Natural Gas Corporation (ONGC) would set up less than five retail outlets in the current fiscal and was looking to set up a lNG terminal at Mangalore besides a host of other opportunities in the energy chain.
"We will set up five or less retail outlets in the current fiscal to test the markets before we go for a roll-out," ONGC chairman and managing director Subir Raha told reporters on the sidelines of a CII seminar here.
He said the company did not want to merely duplicate the present marketing set up but would first firm up its brand `ONGC values'.
ONGC has a licence to set up about 1,100 retail outlets while its subsidiary MRPL has for 500 outlets. The company was looking at setting up a LNG terminal at Mangalore and was in talks with suppliers and potential customers for the gas, Raha said.
The capacity for LNG terminal had not been decided but the liquification capacities set up in the world were for more than seven million tonnes, he said.
The projected demand for gas in the medium to long term in the country would be about 3-4 times of the present availability and all the players had enough scope to operate. Japan had 29 LNG terminals while China and US are planning huge LNG expansion, he said, adding that current petrochemicals demand in the country was less than two kg of per capita against the global average of 40 kg per capita. Bureau Report
ONGC has a licence to set up about 1,100 retail outlets while its subsidiary MRPL has for 500 outlets. The company was looking at setting up a LNG terminal at Mangalore and was in talks with suppliers and potential customers for the gas, Raha said.
The capacity for LNG terminal had not been decided but the liquification capacities set up in the world were for more than seven million tonnes, he said.
The projected demand for gas in the medium to long term in the country would be about 3-4 times of the present availability and all the players had enough scope to operate. Japan had 29 LNG terminals while China and US are planning huge LNG expansion, he said, adding that current petrochemicals demand in the country was less than two kg of per capita against the global average of 40 kg per capita. Bureau Report