Great Eastern Energy flags off coal bed methane pipeline
BS reported that Great Eastern Energy Corporation Limited has commissioned the country's first natural gas pipeline based on coal bed methane in the state and quoted it was planning to increase the network of CBM gas pipelines across the industrial belt in the eastern region to get industrial and domestic users.
As per report, GEECL recently filed its Draft Red Herring Prospectus with the Securities & Exchange Board of India in December 2008 to raise around INR 800 crore but was yet to decide on the date.
The 11.8 kilometer CBM gas pipeline today connected its gas generation centre located at Shymadih to its central gas gathering station at Asansol in the Asansol Durgapur Development Authority industrial area, 210 kilometer west of Kolkata.
However, GEECL was drawing CBM from 23 wells linked to coal beds.
Mr Prashant Modi president & COO of GEECL said that it aimed to tap 100 wells in another 2 years and 300 to 400 wells in 3 years time.
According to a ball park estimate, 100 wells could produce 35 million cubic feet of methane gas per day.
It said that it had invested close to INR 350 crore till date in the first phase of the project. Mr Modi said that “We will extend this CBM network and supply the industrial belt of Durgapur, Burnpur and Asansol and sell to domestic users.”
The report added that GEECL would extend the CBM pipeline to Kulti and then tap the large commercial domestic market in Kolkata. The 12 kilometer stretch of the CBM pipeline, from Asansol to Kulti was 99% complete and would become operational in a month, while the third network link from Asansol to Durgapur would be operational in 6 months.
The present commissioned pipeline was part of a vertically integrated network consisting of drilling, production, compression, transportation and distribution services will be catering to the requirements of customers in Burnpur and Asansol area initially.
The report further added that GEECL had a franchisee agreement with Indian Oil Corporation for distribution of gas through four co-branded stations for now. It was in talks with IISCO and Kulti units of SAIL for supply. This pipeline was capable of carrying 1 million metric standard cubic meter per day of gas at 15 bar. It was today operating 31.97 kilometer of the pipeline linking 22 wells to the gas gathering station. It recently received the right of use from National Highways Authority of India for laying the 57 kilometer pipeline from Asansol to Durgapur.
As per report, GEECL recently filed its Draft Red Herring Prospectus with the Securities & Exchange Board of India in December 2008 to raise around INR 800 crore but was yet to decide on the date.
The 11.8 kilometer CBM gas pipeline today connected its gas generation centre located at Shymadih to its central gas gathering station at Asansol in the Asansol Durgapur Development Authority industrial area, 210 kilometer west of Kolkata.
However, GEECL was drawing CBM from 23 wells linked to coal beds.
Mr Prashant Modi president & COO of GEECL said that it aimed to tap 100 wells in another 2 years and 300 to 400 wells in 3 years time.
According to a ball park estimate, 100 wells could produce 35 million cubic feet of methane gas per day.
It said that it had invested close to INR 350 crore till date in the first phase of the project. Mr Modi said that “We will extend this CBM network and supply the industrial belt of Durgapur, Burnpur and Asansol and sell to domestic users.”
The report added that GEECL would extend the CBM pipeline to Kulti and then tap the large commercial domestic market in Kolkata. The 12 kilometer stretch of the CBM pipeline, from Asansol to Kulti was 99% complete and would become operational in a month, while the third network link from Asansol to Durgapur would be operational in 6 months.
The present commissioned pipeline was part of a vertically integrated network consisting of drilling, production, compression, transportation and distribution services will be catering to the requirements of customers in Burnpur and Asansol area initially.
The report further added that GEECL had a franchisee agreement with Indian Oil Corporation for distribution of gas through four co-branded stations for now. It was in talks with IISCO and Kulti units of SAIL for supply. This pipeline was capable of carrying 1 million metric standard cubic meter per day of gas at 15 bar. It was today operating 31.97 kilometer of the pipeline linking 22 wells to the gas gathering station. It recently received the right of use from National Highways Authority of India for laying the 57 kilometer pipeline from Asansol to Durgapur.