LNG Alliance plans LNG project in south India: Press
Singapore-based LNG Alliance is planning to set up an LNG import terminal in the southern Indian state of Karnataka, Times of India reported on January 3.
The company has signed a memorandum of understanding with the Karnataka state government and New Mangalore Port Trust. The project, once completed, will supply LNG to customers within 300 km of Mangalore. The company plans to use ISO tanks to supply LNG to customers inland. The terminal, with an investment of 22.5bn rupees ($300mn), is likely to be ready in two years.
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LNG Alliance is in the process of registering its Indian branch under the name Shakti LNG to manage operations in Karnataka, Times of India reported. The company said the potential for LNG use in the state is around 2mn metric tons/year.
LNG Alliance told NGW in December 2020 that it plans to invest $350mn in the Indian gas downstream sector over the next four years in an effort to expand its footprint in the pipeline gas and LNG space.