Four in fray for LNG terminal in Mumbai

May 15, 2015 10:49 am Published by

India Gas Solutions, a joint venture of the Mukesh Ambani-owned Reliance Industries and BP, the US-based Excelerate Energy and Japan’s Mitsui are among the four companies in the fray to set up a Rs 2,740-crore floating liquefied natural gas (LNG) import terminal in Mumbai, it is learnt.

A consortium of IMC and Norway’s Hoegh LNG is the fourth company lining up for developing the 5 million tonnes per annum floating storage and re-gasification unit (FSRU) on public-private partnership mode, for which bids were invited by Mumbai Port Trust (MbPT).

The selected bidder would set up the FSRU as well as operate it on Design, Build, Finance, Operate and Transfer (DBFOT) basis, according to the tender document.

MbPT is looking at the FSRU to meet the growing market demand for natural gas on the west coast of India. Mumbai’s would be the fifth LNG terminal on the west coast and the second in Maharashtra, sources said.

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