September 08, 2008

GSPC in talks with Essar and Adani for LNG terminal

BS reported that Gujarat State Petroleum Corporation is in talks with Adani and Essar groups for its upcoming 5 million tonnes per annum to 10 million tonnes per annum LNG terminal in Gujarat.

The report cited a Gujarat State Petroleum Corporation official as saying that "It was a preliminary meeting with some of the leading industry players on condition of anonymity."

The Adani group had filed an industrial entrepreneurial memorandum with the department of industrial policy and promotion in September 2007 for building an LNG terminal in the state. Both GSPC and the Adani group had signed MoUs during the Vibrant Gujarat Global Investors’ Summit for setting up LNG terminals in the state. GSPC had signed an agreement to set up an INR 2,000 crore terminal in Pipavav.

At present, India has only 3 LNG terminals namely Petronet and Shell terminals in Gujarat and Dabhol terminal of Ratnagiri Power in Maharashtra. Besides, there are 2 more LNG terminals coming up in Gujarat.