Essar Ports to invest Rs 2k cr for LNG terminals

Rouhan Sharma, Financial Express, September 25, 2017

Essar Ports is planning to set up a “cluster of liquefied petroleum gas (LPG) terminals” along the Indian coastline, the first phase of which would entail an investment of approximately Rs 2,000 crore. Rajiv Agarwal, MD & CEO, Essar Ports, told FE that the company would build the first LNG terminal at Hazira, where it already operates an all-weather, general cargo/dry bulk terminal.  “We will construct two terminals on the east coast and two on the west. The first one will be in Hazira. We should be able to complete construction sometime in FY19,” Agarwal added. He said the firm is already in talks with private customers to tie up for long-term agreements for supplying LNG. Meanwhile, the firm also said it has invested Rs 830 crore at its terminal in Visakhapatnam Port where the capacity is being enhanced from 12.5 million tonne per annum (MTPA) to 23 MTPA.

Link: http://www.financialexpress.com/industry/essar-ports-to-invest-rs-2k-cr-for-lng-terminals/869398/

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