These projects are part of a series of eight LNG import terminal and regasification facilities currently under evaluation by the India Ministry of Petroleum and Natural Gas.
In order to support the development of the Indian economy with gas-fired power generation facilities and with methane feedstock for the petrochemical industry, the Indian Government is forecasting the domestic demand for natural gas to more than triple from actual 13.5 million tonnes in 2012 to estimated 48 million tonnes in 2017.
In this perspective, GSPC, in joint venture with Adani, is developing the Mumdra LNG Terminal and regasification facilities project in the north of the Gujarat State.
In a first phase the Mumdra LNG Terminal and regasification facility project should have a capacity of 5 million t/y of natural gas.
Then GSPC is intending to expand itsMundra LNG Terminal with three additional phases of 5 million t/y each.
In the Mundra LNG Terminal project, GSPC and Adanishare working interests where GSPC holds the financial majority and is the operator while Adani stands as minority stakeholder.
GSPC and Adani estimate the Mumdra LNG Terminal project phase 1 to require $850 million capital expenditure.
The Okha LNG Terminal should have a 5 million t/y capacity and should request $750 million capital expenditure.
Regarding the Pipavav LNG Terminal project, GSPC is considering a capacity of between 2.5 and 5 million t/yLNG.
GSPC is looking for financial partner to form joint venture and develop the project.
On the other side of India, 25 kilometers north of Chennai along the south coast of the Indian Ocean in the Tamil Nadu State, Indian Oil Corporation (IOC) is working on the Ennore LNG Terminal and regasification facility project.
Foster Wheeler completed the FEED of the Ennore LNG Terminal project with 5 million t/y capacity that should be expanded to 10 million t/y in a second phase.
IOC estimates the first phase of the Ennore LNG Terminal to call for $ 810 million capital expenditure and is targeting commercial operations in 2016.
With the on going expansions of the existing LNG Terminals located on Dahej and Hazira operated by Petronet LNG and Shell, the new projects of LNGTerminal planned by GSPC, and Indian Oil in Mundra, Okha, Pipavav and Ennore should help to triple the volume of natural gasimported in India in 2017.