GAIL to Invest in Dabhol LNG Terminal
India’s gas company GAIL has just released a plan for a 30 billion Indian rupees ($461 million) investment into the Dabhol liquefied natural gas (LNG) terminal.
According to the official announcement, the investment will be funneled into expanding the handling capacity of the terminal to 10 million tons of LNG per year over the next three years.
Out of the total amount invested, 7 billion rupees ($107 million) will be directed into creating an all-weather facility by 2019, by completing the abandoned and half-done breakwater.
Work on completing the breakwater is set to start soon, enabling the import facility to operate throughout the year, instead of only eight months currently.
The tender for the breakwater construction will be launched soon, Dharmendra Pradhan, the country’s minister for petroleum natural gas, said.
Once breakwater and the capacity expansion is done, the terminal will be receiving between 80 and 90 cargoes per year, up from 22-24 currently.