together with 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 the potential for expansion up to 8 MTPA in line with the
estimated demand increase over the next twenty years.
India’s first dedicated LNG bunkering facility
In addition, this import and regasification
terminal will also have the ISO LNG containerisation and LNG truck loading
facility for serving the industrial and transportation sector. This will also
be India’s first dedicated LNG bunkering facility that will be providing LNG as
fuel for ships visiting the NMPT port and bunkering shuttles to the West Coast
LNG Alliance is a
fully integrated turnkey project developer of LNG terminals and is building a
global integrated LNG and Hydrogen infrastructure portfolio under its
investment and asset operations JV arm, Aslan Energy Capital, Singapore.
Over the next
three years, LNG Alliance intends to invest approximately 290 Million US
dollars to develop, construct, and operate a Floating Storage and
Regasification Unit (FSRU), and manage the LNG supply.
This terminal to provide the most competitive tolling rates in India
“We see this as an important step to meet India’s
cleaner energy goals of phasing down coal fired powerplants and transitioning
to an emission free economy using LNG as a bridging fuel. As part of this
agreement, LNG Alliance will develop a tolling fee based floating LNG import
terminal, within the maritime concession area of the NMPT. This terminal will
also be open for third party access and will provide the most competitive
tolling rates in India, based on the LNG sourced from our supply partners.”
said Dr. Muthu Chezhian, the Chief Executive Officer of LNG Alliance,
“The proposed LNG terminal at NMPT will
accelerate industrial growth, create job opportunities across the city gas
distribution (CGD) networks, and will provide reliable energy security to
Karnataka”, said Karnataka’s Commissioner of Industries, Ms. Gunjan Krishna.
Benefits of the LNG terminal at NMPT
“The LNG Terminal at NMPT will bring many
benefits to the households and industrial customers in Karnataka, most
importantly affordable natural gas supply. Local industries will gain from the
advantages of the new supply chains that are created through the establishment
of satellite LNG/CNG fuel stations and LNG distribution thru virtual pipelines,
to reach the hinterlands of Karnataka and the growing CGD networks.” said Ms. Cheryl
Goh, the Executive Director of LNG Alliance, Singapore.