RIL-BP in Race to Set Up Floating LNG Terminal at Mumbai

Reliance Industries-BP joint venture is among the four in competition to set up floating LNG import terminal at Mumbai, news agency Press Trust of India reported Wednesday citing industry sources.

In addition to India Gas Solutions (RIL-BP’s equal joint venture), Mitsui, Excelerate Energy and a consortium of IMC and Norway’s Hoegh LNG are in race to set up the terminal.

Mumbai Port Trust (MbPT) had invited bids for setting up of 5 million tonnes per year floating storage and re-gasification unit (FSRU) on PPP (public-private partnership) mode. The selected bidder will set up the FSRU as well as operate it on design, build, finance, operate and transfer (DBFOT) basis, Press Trust said citing the tender document.

According to MbPT tender document, the winner will have to set up a FSRU vessel with storage capacity of 170,000 cubic meters and 5 million tons per annum gas production capacity. It will also set up marine terminal including of berthing and mooring facilities for FSRU and LNG carriers, pipeline to transfer the gas to onshore and landfall receipt facility.

Mumbai will be the fifth LNG terminal on India's west coast and the second in the state of Maharashtra.