Prime Minister Narendra Modi laid the foundation stone for the “world’s first CNG (Compressed Natural Gas) terminal” at Bhavnagar in Gujarat.
The Foresight Group had signed a Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) for the development of the CNG Terminal in Gujarat during the Vibrant Gujarat Global Business Summit 2019.
CNG terminal will be developed at a cost of ₹4024 crore and will have state of the art infrastructure for the World’s first CNG Terminal along with the state of art world’s fourth largest lock gate system.
The construction of the CNG terminal is expected to commence in first half of 2023 and the port will be operational in 2026.
