LNG storage planned at major ports at Rs 20,000 crore investment

A senior government official familiar with the situation said India is putting together a blueprint for installing floating LNG storage facilities at all of its main ports.

“A strategy is being developed. By the end of the fiscal year, it would be completed “an official said.

According to the official, the project will be available for private sector participation and is expected to cost a total of 20,000 crore.

There are 12 main ports in India, two of which, Kandla in Gujarat and Cochin in Kerala, already have accessible LNG storage facilities.

The proposed LNG terminals would offer ship refuelling facilities in addition to meeting India’s growing industrial and distribution needs for natural gas.

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