IndianOil is going to buy 50% of GSPL LNG Ltd., which is in the process of constructing a 5-MMTPA LNG Terminal at Mundra Port in Gujarat. GSPL LNG Ltd. The project is a joint venture between Gujarat State Petroleum Corporation and Adani Enterprises Ltd.
The LNG Terminal, which is due to be commissioned at the end of the year will have receipt, storage and re-gassification facilities for LNG and will be connected to Gujarat State Petronet Ltd. (GSPL) existing pipelines network at Anjaar (Gujarat). The estimated cost of the Mundra LNG Terminal is around Rs. 5,040 crore.
As the second largest player in natural gas in the country, IndianOil is making significant investments in natural gas infrastructures and marketing in line with the country’s changing energy mix.
IndianOil Chairman, Sanjiv Singh said: “We already have investments across the gas value chain, from LNG import terminals to city gas distribution networks, the major among them being a 5-MMTPA LNG import terminal at Kamarajar port near Chennai, scheduled for commissioning in 2018-19.”
For more information visit www.iocl.com
21st August 2017
