Sunday, 27 September 2015

Shell is all set for its second LNG terminal in India

Royal Dutch Shell, which set up a 5 million tone LNG terminal at Hazira in Gujarat nearly a decade back, is all set to grab a bigger share of the growing demand for imported gas in India.
8Andhra Pradesh Gas Distribution Corporation (APGDC), GDF Suez, Shell and GAIL have signed a memorandum of understanding (MoU) to set up a floating LNG terminal with an initial capacity of 5 mt, which could be doubled at a later stage.
8The prposed project is planed to set up Kakinada at Andhra Pradesh.
 5 MT LNG terminals is expected to cost around $1 billion.
8A floating LNG terminal will reduce the cost of the project as there is no need for long pipelines to onshore terminal, compression platforms to push gas to the shore, near shore works such as dredging and jetty construction, and onshore development such as building roads, lay-down areas and accommodation facilities.

For more details visit indianpetroplus.com

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