The state of Andhra Pradesh has signed a memorandum of understanding (MoU) with central government-owned company Oil and Natural Gas Corporation (ONGC) to establish an LNG Regasification Terminal in Kakinada Deep Water Port.
The terminal will be set up with an investment of $6.03bn (Rs 40,000 crore) and will use a state-of-the-art floating storage and regasification unit (FSRU) with a peak capacity of five million tonnes per annum (mtpa).
It would become the first LNG terminal on the East Coast of India when operational, and will have a provision to double its capacity to 10 mtpa.
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