GSPC, Adani Plan to Offload Stake in Planned LNG Terminal

Joint venture partners, GSPC and Adani Group, are looking to offload 25% stake in the planned LNG terminal planned at Mundra in the Indian state of Gujarat to strategic partners, Business Line reported.

The LNG terminal, expected to be commissioned in 2015-16, will be designed to have a berth for receiving LNG tankers of sizes 75,000 M3 to 2,60,000 M3, two LNG storage tanks, and facilities for regassification and evacuation, a senior official told Business Line.

The terminal will have an initial capacity of five million tonne per annum (mtpa), subsequently scalable up to 10 and finally up to 20 mtpa.

Currently, Gujarat has both of India’s LNG terminals at Hazira and Dahej, with a combined capacity of 13 mtpa. Besides Mundra, the state also plans to set up its fourth LNG terminal at Pipavav, with up to 5 mtpa capacity, in the near future, the newspaper said.