Gail likely to set up LNG terminal at Paradip port: Media Report

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State-owned, GAIL (India) Ltd has proposed to set up an LNG terminal most probably offshore, at Paradip port, said a media report.

According to the media report, GAIL and Paradip Port Trust will soon sign Memorandum of Understanding for which boards of directors of both GAIL and PPT have given their acceptance.

The statement added that several private and public companies have shown their interest in acquiring stake in the joint venture to be formed by GAIL, said Business Line.

The 1,550-km long pipeline network with the capacity of 60 million standard cubic metres per day (mscmd) is estimated to cost Rs 9,000 crore and will link Mora (Gujarat) on the west with Paradip (Odisha) on the east after passing through Maharashtra and Chhattisgarh.

Read more about: gail india
Story first published: Wednesday, July 31, 2013, 12:59 [IST]
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