Original news was published on 21 January,2015
5 million-ton-per-year FLNG terminal planned for Kakinada in Andhra Pradesh
Andhra Pradesh Gas Distribution, France’s GDF SUEZ, Shell and GAIL have signed agreements for a floating LNG terminal in Kakinada Deep Water Seaport in Kakinada, Andhra Pradesh, India.
Two agreements were signed between the three members, government officials of Andhra Pradesh said in a statement. The first involves a development pact between the parties for the development of the facility. The second agreement is for the sourcing of LNG and the subsequent marketing of the regasified LNG.
The Kakinada LNG terminal will be built with a processing capacity of 5 million tons per year, with a provision to double capacity. Production is expected to start in about 18 months.
“This is [a] first of its kind LNG terminal in India and would prove to be an important infrastructure for import of LNG on the eastern coast,” B. C. Tripathi, chairman and managing director of GAIL (India) said.
Kakinada LNG terminal will be the first east coast terminal. GDF Suez was part of the development of India’s first LNG terminal, located in Dahej, Gujarat on the west coast.
*NEWS SOURCE
