GAIL India is looking for a strategic partner for its Rs 3,108 crore floating LNG import terminal at Paradip in Odisha. In this regard, the company has floated expression of interest (EoI) to induct a strategic partner in 4 million tonnes a year floating liquefied natural gas (LNG) terminal planned off the Paradip coast.
The Floating Storage Regasification Unit (FSRU) would have an initial capacity of four million tonne per annum (mtpa) in first phase, reaching a peak capacity of 4.8 mtpa, with a storage capacity of 170,000 cubic metres. The first phase of the project is to become operational by 2017.
GAIL is India’s flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.
