LNG Limited’s Magnolia LNG to supply India’s first East coast terminal

LNG Limited's Magnolia LNG to supply India's first East coast terminal
Image courtesy of LNG Limited

Magnolia LNG, Perth-based LNG Limited’s U.S. unit, signed a heads of agreement with Vessel Gasification Solutions for a 20-year supply of 4 mtpa of liquefied natural gas from its project in Lake Charles, Louisiana. 

According to the company’s statement, the non-binding HoA provides for free-on-board deliveries to the proposed  Krishna Godavari LNG import terminal.

The firm SPA is conditional upon the financial close of the KG LNG terminal and satisfaction by VGS of defined credit requirements underpinning their LNG purchases within agreed timeframes.

Gaurav Tiwari, president of VGS added that the deal with Magnolia LNG would bring a “significant tranche of U.S.-produced LNG” to a new market on India’s East coast.

The terminal being developed by VGS is located offshore at Kakinada Deepwater port in Andhra Pradesh, India. The facility aims to supply regasified natural gas to power plants with the capacity of 7000 MW as well as industrial users.

The proposed Magnolia LNG facility would have up to four trains each with a liquefaction capacity of 2 mtpa or more, two 160,000-cbm storage tanks, ship, barge and truck loading facilities and supporting infrastructure.

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

2nd Central and Eastern European Small Scale LNG Forum

The Forum is for LNG industry leaders, who want to keep up to date with Small-Scale LNG latest trends and many other topics!

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >