Gujarat LNG terminal to be ready in three years

Gujarat's third LNG terminal, which will be developed jointly by Gujarat State Petroleum Corporation (GSPC) and the Adani Group, is expected to be ready in the next three years.GSPC and Adani Group have forged a 50:50 JV for developing the LNG import terminal at Mundra.The partners are likely to invest an estimated Rs 4,000 crore in the debt equity ratio of 70:30. The two partners will kick start work soon on the terminal, whose initial capacity to import LNG will be 5 mtpa. It will be completed in 36 months. Contact: GSPC.Tel: 079-6670 1001. Fax: 079-2323 6375.Website: www.gspcgroup.com