A consortium of energy-to-transport majors, including the Adani group, the Gujarat State Petroleum Corporation (GSPC) and Essar Oil, plans to spend Rs10,000 crore to build an LNG re-gasification terminal at Mundra in Gujarat.
The 10 million tonnes per annum (mtpa) terminal is likely to come up alongside the Mundra port and facilitate the movement of LNG ships into the terminal, with an announcement regarding this likely soon – according to Rajeev Sharma, CEO of Adani Group.
“We are still in the process of working out how much stake each of the companies will hold in the project,” Sharma said.
“We are talking to various countries in the Gulf region,” Sharma added.
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