Millennium Post

GAIL drops plan to set up LNG point at Paradip

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 Odisha.

GAIL was looking for a strategic partner for the 4 million tons 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 (EoI) seeking strategic partner for its FSRU project at Paradip. The publication of the EoI was to happen on March 2.

"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the project further, this EoI for selection of strategic partner for FSRU project at Paradip Port, Odisha stands withdrawn," the notice said. The company was seeking an LNG supplier or a major consumer of gas as strategic partner for the Paradip project for which site selection had been completed and market survey commissioned, official sources said.
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