Shapoorji Pallonji, HPCL to set up Rs. 5,000 cr LNG terminal | business | Hindustan Times
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Shapoorji Pallonji, HPCL to set up Rs. 5,000 cr LNG terminal

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) .

business Updated: Mar 06, 2013 22:10 IST
HT Correspondent

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.