GAIL India, the nation’s largest natural gas distributor, has dropped its plan to set up a Rs 3,108 crore floating LNG import terminal at Paradip in Odisha. Earlier, the company was looking for a strategic partner for the 4 million tonnes a year floating liquefied natural gas (LNG) terminal off the Paradip coast. But with a partnership with Royal Dutch Shell and GdF Suez of France coming through for a similar project off Kakinada in Andhra Pradesh, the Paradip project has been axed.
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.
