Mumbai based infrastructure major Shapoorji Pallonji is joining hands with state-owned Hindustan Petroleum Corp Ltd (HPCL) to set up a Rs. 5,000 crore terminal on the Gujarat coast for the import of liquified natural gas (LNG) .
“HPCL and SP Ports Pvt Ltd plan to set up the liquefied natural gas import terminal at Chhara in Gujarat’s Junagadh district through a 50:50 joint venture,” a source 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, he said.
The port is connected to a gas pipeline grid and evacuation of the fuel is not an issue. Gujarat has two ports at Dahej and Hazira. A third is being planned by Gujarat State Petroleum Corp and Larsen & Toubro at Mundra.