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    VGS, Cavallo Energy JV to Speed Up FLNG Terminal Project off India's East Coast

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Summary

Krishna Godavari LNG Terminal Ltd, a joint venture between VGS Group, Cavallo Energy of the US and Belgium’s Exmar, is fast-tracking its 3.6 million tonnes (mt) floating terminal project off Kakinada coast in eastern Indian state of Andhra Pradesh, reports Business Line.

by: shardul

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Asia/Oceania

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VGS, Cavallo Energy JV to Speed Up FLNG Terminal Project off India's East Coast

Krishna Godavari LNG Terminal Ltd, a joint venture between VGS Group, Cavallo Energy of the US and Belgium’s Exmar, is fast-tracking its 3.6 million tonnes (mt) floating terminal project off Kakinada coast in eastern Indian state of Andhra Pradesh, reports Business Line.

The speeding up of the project is driven by expectation of increase in demand in the newly created state.

The $450-million project is expected supply gas to power units in the region which are lying idle for the want of fuel, adds Business Line.

The company plans to start construction in November and commission the project by July next year.

MVSR Kamesam, Director (India Operations) of VGS Group, said the 3.6-mt terminal can fire up power projects with a capacity of 4,000 MW.

“After we add another 3.6 mt capacity in the next three to four years, a total of 8,000 MW of power can be generated,” he told Business Line.

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