Hindustan Petroleum Corp. Ltd (HPCL) is in talks with six foreign suppliers to source liquefied natural gas (LNG) for its Rs 54 billion LNG terminal coming up at the Chhara Port in Gujarat. The company also plans to enter the spot LNG market this year, said two officials aware of the development. HPCL has an equal joint venture agreement with Shapoorji Pallonji Port Pvt. Ltd to build the 5 million tonnes per annum (mtpa) LNG terminal at Chhara Port.
The terminal is expected to be commissioned by 2019. “HPCL is in dialogue with at least six parties internationally to source gas for the Chhara LNG terminal that it will complete by 2019. Currently, it is studying the segments and catchment areas where it can market its gas,” said the first of the two people mentioned above, speaking on the condition of anonymity as he is not allowed to speak to the media. Stephen Hauschka JerseyShare This