Bids received to lease a portion of Chhara LNG import terminal
Hindustan Petroleum Corp Ltd (HPCL) has received several bids from industries
Hindustan Petroleum Corp Ltd (HPCL) has received several bids from industries to lease a portion of its Chhara liquefied natural gas (LNG) import terminal on the west coast.
The terminal, which has a planned capacity of 5 million metric tons per year, is expected to be commissioned in the December quarter.
Read Also : India and Bangladesh to Renew Collaboration on Civil Service TrainingHPCL aims to lease 3 million tons per year to other companies for a period of more than 10 years. However, the commissioning of the terminal has been delayed due to an incomplete pipeline link.
The terminal will initially run at 30% capacity and has plans to double its capacity in the future. India is increasing its gas infrastructure to achieve a target of 15% natural gas in its energy mix by 2030, with rising gas demand due to reduced prices.
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