Crown Kakinada LNG Terminal
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Crown Kakinada LNG Terminal is a liquefied natural gas (LNG) import terminal proposed in India.[1]
Location
The terminal is proposed to be located offshore of Kakinada, India.[1]
Project details
- Operator:
- Owner: Crown LNG India AS[2]
- Location: 11 km offshore Kakinada, Andhra Pradesh[2]
- Coordinates: 16.9524, 82.3869 (approximate)
- Capacity: 7.2 mtpa[3]
- Status: Proposed[1]
- Type: Import[1]
- Start year: 2028[4]
- Financing:
- Cost: US$1 billion[3]
- Associated infrastructure:
Background
In June 2021, Crown LNG began to develop an LNG import terminal offshore of Kakinada, India. Crown LNG will build and ensure operations and management of the facility over a 25-year lease period following the completion of construction. The project is planned as a gravity-based structure resting on the seabed. Crown LNG is targeting FID for the end of 2022 and the company expects to begin operations 3 years later.[5]
In August 2023, Crown LNG announced that it and Catcha Investment had signed an agreement for Crown becoming a US publicly listed company under the name Crown LNG Holdings Ltd. The proceeds are intended to generate capital for building Crown Kakinada LNG Terminal and Grangemouth FSRU.[3]
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 "Crown LNG starts on Kakinada LNG terminal offshore India". Offshore Energy. 2021-06-09. Retrieved 2022-06-14.
- ↑ 2.0 2.1 2.2 2.3 Wright2021-06-10T12:32:00+01:00, Anthony. "Crown LNG to develop LNG terminal offshore India". gasworld. Retrieved 2022-06-14.
- ↑ 3.0 3.1 3.2 3.3 3.4 LNG Prime Staff (2023-08-04). "Crown LNG to go public via Catcha deal, working on FIDs for two terminals". LNG Prime. Retrieved 2023-10-02.
- ↑ Rakesh Sharma, Norway’s Crown LNG to Spend $1 Billion on India Regas Terminal Counting on Mounting Demand, Bloomberg, Jan. 16, 2024
- ↑ The LNG Industry: GIIGNL Annual Report. GIIGNL. May 2022.
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External resources
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