GAIL drops plan to set up LNG terminal at Paradip coast

摘要

GAIL India, the nation's largest natural gas distributor, has dropped plans to set up a Rs. 3,108-crore floating LNG import terminal at Paradip in Odi-sha. GAIL was looking for a strategic partner for the 4-mn 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, in a notice, said it had on October 18, 2014 announced intention to come up with an Expression of Interest (Eol) seeking strategic partner for its Floating Storage and Re-gassification Unit (FSRU) project at Paradip. The publication of the Eol was to happen on March 2. "Since GAIL is presently not pursuing the project further, this Eol for selection of strategic partner for FSRU project at Paradip Port, Odisha stands withdrawn," the notice said.