GAIL signs MoUs with APGDC, GDF SUEZ and Shell for floating LNG terminal
Andhra Pradesh Gas Distribution Corporation (APGDC), GDF SUEZ, Shell and GAIL have signed two separate Memorandums of Understanding (MOUs) on January 15, 2015 for a floating LNG terminal in Kakinada Deep Water Seaport in Kakinada, Andhra Pradesh.
Both MOUs were signed in the presence of Shri Nara Chandrababu Naidu, Hon’ble Chief Minister of Andhra Pradesh, Shri P Ashok Gajapathi Raju, Hon’ble Union Minister of Civil Aviation, Shri Dharmendra Pradhan, Hon’ble Union Minister of State (Independent Charge) for Petroleum and Natural Gas and Shri Y. S. Chowdary, Hon’ble Union Minister of State for Science & Technology and Earth Sciences. The Kakinada LNG terminal will use a state-of-the-art Floating Storage and Regasification Unit (FSRU) with a peak capacity of 5 million tonnes per annum (mtpa) with the provision to double the capacity. The proposed terminal will use high-end technology and will be one of the first of its kind in India.