Cannot find table 1.
GSPC LNG (GLL) is a special purpose vehicle (SPV), promoted by the Gujarat government through Gujarat State Petroleum Corporation (GSPC), the leading state sector oil and gas entity and other state sector entities in partnership with Adani Enterprises (AEL). AEL is a leading Indian conglomerate in the energy and infrastructure sector.
GLL is setting up a 5 million metric tonne per annum (mn mtpa) LNG receiving, storage and regasification terminal at Mundra, Gujarat. This is expandable to 10 mn mtpa and ultimately to 20 mn mtpa. The implementation of the terminal has commenced and various work packages for construction of the terminal are expected to be awarded soon.
LNG consumers in Gujarat and across other parts of the country would stand to benefit from the terminal and gas would be transported through a well established gas transmission and distribution network.
While the state government holds 50 percent equity in the SPV, AEL hols 25 percent and the remaining stake is proposed for strategic investors. GLL plans to rope in a strategic investor for upto 25 percent equity investment. GLL prefers the strategic investor to be either LNG supplier or trader with access to sources of gas, or offtakers of regassified LNG from the terminal. The investor can also be an experienced LNG terminal operator or some financial institution.