AG&P Breaks Ground on Karaikal Port LNG Facility in South India
Singapore-based gas and LNG logistics company AG&P broke ground on its LNG import facility at Karaikal Port, Puducherry, on Thursday, which is paving the way to broader access to natural gas as a primary fuel in South India.
The company said the Karaikal LNG import facility (Karaikal LNG) is expected to commence commercial operations by Q4 2021.
“It will become a landmark infrastructure development for the region and is ideally suited for the Karaikal Port, a critical center of trade,” said AG&P chief executive JM Sigelman.
AG&P president of terminals and logistics, Karthik Sathyamoorthy, added that the company’s goal is to bring down the unit cost of regasification terminals for smaller volumes to make LNG commercially viable for scattered and smaller customers.
Karaikal LNG is owned and operated by AG&P, which is being built on a 12-hectare site within the Karaikal Port, having the only deepwater access on the East Coast of India south of Chennai.
Karaikal LNG will also have an initial capacity of 1 mtpa and will include a floating storage unit (FSU) leased through a long-term charter agreement with ADNOC Logistics and Services from 2021.
Sigelman said AG&P is taking on the value chain from import of LNG through to delivery of gas to end-customers—vehicles, kitchens, large and small factories, power, restaurants and malls. Karaikal LNG is a cornerstone project for Pondicherry, Tamil Nadu, and Karnataka that will provide clean, affordable fuel. Located 280 km south of Chennai and near Tamil Nadu, the new terminal will provide natural gas to power plants, industrial, and commercial customers within a 300-km radius.
China Planning Railway To Transport Vaca Muerta Production
PowerChina said railway plans are moving forward under Argentina’s current administration and China could provide the financing for the $1.2–1.5 billion project.
Keystone XL Operator TC Energy Will Have a New Top Boss in 2021
One of North America’s biggest midstream companies is getting a new chief in the new year. He will oversee the construction of a 1,200-mile-long pipeline that has been a decade in the making.
US Agencies Advance Research To Increase Gulf of Mexico Production
The research will focus on potential policy changes that could help increase oil and gas production from deepwater infrastructure already in place in the Gulf of Mexico to reduce stranded assets.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
21 September 2020
22 September 2020
17 September 2020
16 September 2020
21 September 2020