"By end of the quarter, we will be able to import 5 million tons at Hazira," said Yasmine Hilton, who heads Shell India, Press Trust of India reported Tuesday.
Shell plans to double Hazira's capacity to 10 million tons within four years, she
said, adding that the Kakinada terminal can also be doubled in the near future.
Gas sourcing for the Kakinada project will be carried out through Shell's global trading outfit.
"Whether it is spot or term or from Australia, Qatar, Mozambique, will be decided by them," Hilton
recently told The Hindu newspaper.
The U.S. Energy Information Administration says that the share of gas in India's power generation mix will expand from 11 percent in 2008 to 16 percent in 2035.
Overall energy demand in the country is forecast to more than double by 2035 to 49.2 quadrillion British thermal units from 21.1 quadrillion Btu in 2008.
The energy-deficient country represents a huge potential for gas imports and Shell India
is seeing "material" interest in upstream oil and gas exploration and production as it continues to evaluate opportunities, Hilton
has said that Shell
is the only international company that has the license to have 2,000 gas stations in India.
"We have not grown as fast as we would have liked to," she
told The Hindu.
India relies on imports for about 80 percent of its crude needs.
When asked how India stands on Shell's
global business map, Hilton
is investing $30 billion in new investments -- 80 percent in upstream and 20 percent in downstream.