State-owned Hindustan Petroleum Corp ltd (HPCl) and Mumbai-based infrastructure major Shapoorji Pallonji plan to set up a terminal for import of liquid gas (lNG) on Gujarat coast at a cost of Rs5,000 crore.
HPCl and SP Ports Pvt ltd, a unit of Shapoorji Pallonji Group, plan to set up the liquefied natural gas (lNG) import terminal at Chhara in Gujarat's Junagadh district through a 50:50 joint venture, sources privy to the development said.
SP Ports is already developing a greenfield, all weather, direct berthing port in Junagadh district. HPCl and SP Ports are carrying out a detailed feasibility study for establishing technical and commercial viability of setting up a lNG import and regasification terminal of 5 million tonnes per annum capacity at the proposed Port, the Sources said.
The port is connected to a gas pipeline grid and evacuation of the fuel would not be an issue, they said.
Gujarat already has two functional ports at Dahej and Hazira. A third one is under planning by Gujarat State Petroleum Corp (GSPC) and larsen & Toubro (l&T) at Mundra. The Chhara terminal would be the fourth in the state.