HPCL Bags Long-Term Contract from OPaL for Supply of Natural Gas

SEATTLE (Oil Monster): Hindustan Petroleum Corporation Ltd (HPCL) is enhancing its footprints in the Natural Gas market and has secured a major long-term contract from ONGC Petro additions Ltd (OPaL) for the supply of Natural Gas to their Mega Petrochemical Complex at Dahej. 

OPaL, a joint venture of ONGC, GAIL and GSPC, requires Natural Gas for operating its own Captive Power Plant (CPP) for supporting its power and steam requirements. 

HPCL has won the contract through competitive bidding against a tender floated by OPaL. HPCL will be supplying 13.53 Trillion Btu of Natural Gas to OPaL during the period October 23 to May 26 under this contract.

HPCL has ambitious plans for Natural Gas business and is focused to build a strong foothold in Petrochemical, Fertilizer and other sectors.

Courtesy: www.psuconnect.in