India plans first East Coast floating LNG terminal at Kakinada
The first liquefied natural gas (LNG) terminal on the East Coast of India will be built in Andhra Pradesh, project officials confirmed on Wednesday.
The Andhra Pradesh Gas Distribution Corp. (APGDC), Gas Authority of India Ltd. (GAIL), GDF Suez and Shell have signed two agreements to set up a floating LNG terminal at the deep-water port in Kakinada.
The first memorandum of understanding (MoU) set up a terminal company between APGDC, GDF Suez and Shell. The APGDC, a joint venture company of Andhra Pradesh government and GAIL, GDF Suez and Shell, will have 48%, 26% and 26% equity in the project, respectively.
The second MoU is to set up a trading company, and it covers both the sourcing of LNG and the marketing of the re-gasified LNG from the terminal, with the same equity represented in the trading company as well.
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
- Mitsubishi to inject $260 MM into Brunei LNG project
- Freeport LNG (U.S.) on track to take in more natgas on Thursday after unit outage
Comments