Andhra Pradesh inks two MoUs for Kakinada LNG terminal.

The Andhra Pradesh Government recently inked two MoUs for setting up an ₹1,800-crore floating LNG Terminal at Kakinada Deep Water Port and set a stiff 18-month deadline to execute the project.

This would be the first LNG terminal on the East Coast of India when ready.

The first MoU is the terminal company agreement (TCA) between APGDC, GDF SUEZ and Shell for development/ execution of the terminal.

AP Gas Development Corporation, a joint venture company between Andhra Pradesh govt and GAIL, GDF SUEZ and Shell will have 48 per cent, 26 per cent and 26 per cent equity, respectively, in the project. The second one relates to the TCA between GAIL, GDF SUEZ and Shell which covers both the sourcing of LNG and the marketing of the re-gasified LNG from the terminal. GAIL, GDF SUEZ and Shell will have 48 per cent, 26 per cent and 26 per cent equity, respectively, in the project.


HBL