GAIL Bins Paradip LNG Terminal Plans

India-based gas utility GAIL has scrapped plans for a floating liquefied natural gas (LNG) import terminal off Paradip coast in Odisha.

However, the plans, which would have included a strategic partner, were abandoned as a different project, led by Royal Dutch Shell and GDF Suez off Kakinda gains momentum.

“Since GAIL is presently not pursuing the project further, this EoI for selection of strategic partner for FSRU project at Paradip Port, Odisha stands withdrawn,” the Economic Times quoted GAIL as saying in a notice.

The floating LNG import terminal was supposed to have an initial capacity of four million tonne per annum (mtpa), reaching a peak capacity of 4.8 mtpa, with a storage capacity of 170,000 cubic metres.

The first phase of the project was planned to go live in 2017.

GAIL had inked an MoU with the Paradip Port Trust to establish the terminal.

World Maritime News Staff

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >