Mumbai port invites bids for LNG storage, regasification unit

Mumbai port invites bids for LNG storage, regasification unit

Mumbai: In order to meet the growing market demand for natural gas on India’s western coast, the Mumbai Port Trust (MbPT) has floated a tender for the development of a 5m tonnes per annum (tpa) floating storage and regasification unit at Mumbai harbour.

The unit will be built in the public-private partnership realm, on the design, build, finance, operate, transfer (DBFOT) model, at an envisaged investment of INR27.40bn ($442m).

Support facilities to be developed by the concessionaire as part of the project include an FRSU (floating storage regasification unit) vessel with storage capacity of 170,000 cubic metres and 5m tpa gas production capacity, and a marine terminal with berthing and mooring facilities for FRSU and LNG carriers.

Bidders are required to submit their request for qualification by February 18. Thereafter, qualified bidders will be asked to submit requests for proposal (RFP).

Shirish Nadkarni

Shirish Nadkarni is a management consultant and freelance international journalist, who has been writing on all spheres of Indian business for the past three decades for a number of reputed overseas publications. An avid sportsman, Nadkarni has represented India in international veterans' badminton since 1997, and was the 55+ age group doubles world champion in 2005.

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