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Fernas mulls $1 bn LNG terminal in Gujarat

Fernas mulls $1 bn LNG terminal in Gujarat

Fernas Construction India, a wholly-owned subsidiary of Turkey's Fernas Inc, plans to set up an LNG storage and re-gasification terminal in Gujarat in collaboration with Mumbai-based Swan Energy.Fernas Construction India plans to invest $1 billion (Rs 5,300 crore) over a period of four years for the proposed terminal to be set up at Okha in Jamnagar district.