KARNATAKA, India, January 5, 2022 /PRNewswire/ — LNG Alliance, together with the Government of Karnataka and NMPT, has proposed to develop a major LNG import terminal in Karnataka, with an initial capacity of 4 million tonnes per annum (MTPA), and a potential for expansion up to 8 MTPA in line with estimated demand increase over the next twenty years. In addition, this import and regasification terminal will also have the ISO containerization and LNG truck loading facility to serve the industrial and transport sector. It will also be india first dedicated LNG bunker facility that will provide LNG as fuel for ships visiting NMPT port and bunker shuttles to the west coast of India.
LNG Alliance is a fully integrated turnkey project developer of LNG terminals and is building an integrated global portfolio of LNG and hydrogen infrastructure under its asset investment and operation JV arm, Aslan Energy Capital, Singapore.
Over the next three years, LNG Alliance intends to invest approximately 290 million US dollars develop, build and operate a floating storage and regasification unit (FSRU) and manage LNG supply. “We see this as an important step in addressing india cleaner energy goals of phasing out coal-fired power plants and transitioning to an emissions-free economy using LNG as a transition fuel. As part of this agreement, LNG Alliance will develop a paying LNG import floating terminal 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 sourced from our supply partners,” said Dr. Muthu Chezhian, Chairman and CEO of LNG Alliance, Singapore.
NMPT, the gateway port of Karnataka State, is well connected to major interstate highways and railways, allowing easy access for downstream distribution of LNG through virtual pipelines, which makes NMPT the convenient location for LNG import terminal in Karnataka.
“As part 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 proposed LNG terminal at NMPT will accelerate industrial growth, create employment opportunities in the City Gas Distribution (CGD) networks and provide reliable energy security in Karnataka,” said Karnataka Commissioner of Industries, Ms. . Gunjan Krishna.
india It is estimated that energy consumption will increase by at least 35% by 2030, even with a scenario of delayed growth due to the pandemic. Like India develops its gas infrastructure, natural gas will find multiple uses in india energy system, including to help meet near-term air quality and emissions targets. “NMPT’s LNG terminal will bring many benefits to households and industrial customers in Karnataka, including affordable natural gas supply. CNG and LNG distribution via virtual pipelines, to reach Karnataka’s hinterland and growing CGD networks.” says Mrs. Cheryl Goh, Executive Director of LNG Alliance, Singapore.
SOURCE LNG ALLIANCE PTE LTD