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GSPC, Adanis in LNG venture

GSPC, Adanis in LNG venture

Gujarat State Petroleum Corporation (GSPC) and the Adani Group will develop an LNG import terminal at Mundra, at an estimated investment of Rs 4,000 crore. The state's third LNG terminal is expected to be ready in the next three years. The two partners would kick start work soon on the much-awaited terminal, whose initial capacity to import LNG would be five million tonne per annum. It would be completed in 36 months.

This follows the State government's formal approval to GSPC to go ahead with the Mundra LNG terminal, for which the Adanis had signed a memorandum of understanding with the state government during the Vibrant Gujarat event in 2007.

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