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    The Hindu: Floating LNG Terminals to Dot East Coast

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Summary

Indian Oil Corporation, GAIL, Petronet and KEI-RSOS are in contention to set up four floating LNG terminals on the east coast of India.

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The Hindu: Floating LNG Terminals to Dot East Coast

Indian Oil Corporation, GAIL, Petronet and KEI-RSOS are in contention to set up four floating LNG terminals on the east coast to cater to fuel requirements of industrial, commercial and domestic users in Andhra Pradesh and Tamil Nadu.

The terminals, each with a five-million ton capacity, will cover users spread across 1,250 km from Gangavaram in Andhra Pradesh to Tuticorin District in Tamil Nadu.

The AP-based private firm, KEI-RSOS Petroleum and Energy Pvt., will set up the project at Krishnapatnam PortT while GAIL’s terminal will come up at Kakinada Port. Petronet’s terminal will be located at Gangavaram Port and Indian Oil Corporation’s at Kamarajar Port.

GAIL and Petronet entered into separate pacts with the Andhra Pradesh Government some three months ago. While GAIL terminal is expected to go on stream by 2018, Petronet has not yet disclosed the details, according to trade sources. GAIL is spending Rs.3,000 crore on the terminal and 350-km-long pipeline starting from Kakinada to Srikakulam via Visakhapatnam. MORE

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