Karnataka government partners with Singaporean company LNG Alliance to develop Karnataka’s first LNG import terminal

New Mangalore Port Trust (NMPT), a large state port in Mangalore, Karnataka, has signed a cooperation agreement with Singapore-based LNG Alliance Pte Ltd to develop a liquefied natural gas (LNG) import terminal ) with an initial capacity of 4 MTPA, with provision for LNG virtual pipelines and an LNG bunkering facility

KARNATAKA, India, January 5, 2022 / PRNewswire / – LNG Alliance, in collaboration with the Government of Karnataka and the NMPT, has proposed to develop a major LNG import terminal in Karnataka, with an initial capacity of 4 million tonnes per year (MTPA) and a expansion potential up to 8 MTPA in line with the estimated increase in demand over the next twenty years. In addition, this import and regasification terminal will also have the ISO LNG containerization facility and LNG truck loading to serve the industrial and transport sector. It will also be india first dedicated LNG bunkering facility that will provide LNG as fuel for ships visiting the NMPT port and bunkering shuttles to the west coast of India.

LNG Alliance (PRNewsfoto / LNG Alliance Pte Ltd)

LNG Alliance is a fully integrated turnkey project developer of LNG terminals and is building a global portfolio of integrated LNG and hydrogen infrastructure under its JV investment and asset operation subsidiary, Aslan Energy Capital, Singapore.

Over the next three years, LNG Alliance intends to invest approximately US $ 290 million develop, build and operate a floating storage and regasification unit (FSRU) and manage the LNG supply. “We see this as an important step for india cleaner energy goals of phasing out coal-fired power plants and moving to an emissions-free economy using LNG as a transitional fuel. As part of this agreement, LNG Alliance will develop a floating LNG import terminal based on toll charges, in the NMPT maritime concession area. This terminal will also be open to third party access and will offer the most competitive toll rates in India, based on LNG from our supply partners, ”said Dr Muthu Chezhian, CEO of LNG Alliance, Singapore.

NMPT, the port of entry to the state of Karnataka, is well connected with major interstate highways and railways, allowing easy access for downstream distribution of LNG through virtual pipelines, making NMPT the ideal location for the LNG import terminal in Karnataka.

“Within the framework of the Invest Karnataka Conclave, chaired by the Honorable Chief Minister of Karnataka, a memorandum of understanding was signed between LNG Alliance and the State of Karnataka in June 2021, which formed the basis of the current cooperation agreement signed between LNG Alliance and NMPT in december 2021. The LNG terminal proposed to NMPT will accelerate industrial growth, create employment opportunities on the city’s gas distribution networks (CGD) and provide reliable energy security in Karnataka ”, said Karnataka Commissioner for Industries, Mrs. Gunjan krishna.

india It is estimated that energy use will increase by at least 35% by 2030, even with a delayed growth scenario due to the pandemic. Like India built its gas infrastructure, natural gas will find multiple uses in india energy system, especially to help meet short-term air quality and emissions targets. “NMPT’s LNG terminal will bring many benefits to households and industrial customers in Karnataka, including an affordable natural gas supply. Local industries will reap the benefits of the new supply chains created through the introduction of LNG / CNG fuel via satellite. LNG stations and distribution via virtual pipelines, to reach the Karnataka hinterland and growing CGD networks. “said Ms. Cheryl Goh, the executive director of LNG Alliance, Singapore.

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SOURCE LNG ALLIANCE PTE LTD

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