New Delhi, 13 December 2013

Prime Minister Manmohan Singh- headed Cabinet Committee on Investment has approved Rs 7,947 crore worth projects, including an LNG import terminal in Gujarat.

“The CCI on December 9 approved five delayed projects involving an investment of Rs 7,947 crore,” Oil Minister M Veerappa Moily told reporters here.

Gujarat State Petroleum Corp’s (GSPC) Rs 5,200 crore project to import liquefied natural gas (LNG) at Mundra in Gujarat has also been approved.

The terminal will have a capacity to import 5 million tons of gas in its liquid form every year, with provision for expansion to 10 million tons, he said.

“The Cabinet Committee on Investment (CCI) directed the Ministry of Environment and Forest to grant requisite clearances expeditiously for the remaining two projects – CPCL crude oil pipeline and GSPC’s LNG terminal at Mundra,” Moily said.

Other projects

The projects approved included Rs 2,379 crore Assam oilfield renewal project of Oil and Natural Gas Corp (ONGC) which was pending for want of environmental clearance.

The Assam renewal project seeks to upgrade the existing infrastructure to improve production.

“The project involves revamping and optimization of 21 surface installation for 9 integrated complex, replacement of existing pipelines and laying of new 468 km pipeline,” he said.

Other projects cleared include Indian Oil Corp’s (IOC) Rs 108 crore depot at Bilaspur and Bisrampur in Chhattisgarh, Chennai Petrochemical Corp Ltd’s (CPCL) Rs 126 crore pipeline to carry crude from Chennai port to its refinery at Manali, and Hindustan Petroleum Corp Ltd’s (HPCL) Rs 134 crore Awa-Salawas pipeline project.

Moily said ministry of environment and forest has granted approval for the projects of IOC, HPCl and ONGC.