> Home / More Current Affair News / Current Affair Detail

VGS designs second barge-base LNG facility for Tamil Nadu



Updated On - Friday, 04 October 2013

26 September 2013

SINGAPORE: The US-based VGS Group has completed the design of its second $400 million Floating LNG Regasification Unit (FRU) and said it will start supplying gas to the Tamil Nadu market from 2016.

"We have completed the feasibility study and design of our second barge-based project for Tamil Nadu," VGS Group President Gaurav Tiwari told PTI.

"It will be similar to VGS's FRU project in Kakinada, which is scheduled to commence commercial operations in the first quarter of 2015," Tiwari said on the sidelines of two-day CWC World LNG Series - Asia Pacific Summit which concludes here today.

"We will commence operation with 4 million tonne per annum (mpta) storage capacity at the terminal, and then increase it to 7.2 mtpa," he said pointing to the flexibility of the terminal in supporting supplies to the Indian market.

The terminal has attracted three players, including a leading power company in India, to store gas at VGS terminal on the East Coast of the country, said Tiwari.

The $400 million VGS East Coast India LNG Import Terminal would supply gas to Andhra Pradesh market, especially aiming to serve the 7-gigawatt of idling power generation capacity around Kakinada, which has not commence operations due to shortage of fuel supply.

Tiwari said VGS' floating regasification plant with ship-based storage facility, located near Kakinada Deepwater Port, has become a global trend setter in facilitating LNG supplies to consumers.

The Indo-American VGS Group would link North American and Gulf Region natural gas supply with its LNG import terminals on India's heavily industrialised , yet gas starved East Coast markets.

Published by: The Economic Times

Entrance Exam Notice Board 2023
Entrance Exam Notice Board
All India
Himachal Pradesh Common Entrance Test (HPCET)
Exam Date : 10-2024-05 Last Date :
Entrance Exam Notice Board
All India
Xavier Aptitude Test (XAT)
Exam Date : 07-2024-01 Last Date : 12-2023-31
Entrance Exam Notice Board
All India
VIT All India Engineering Entrance Examination (VITEEE)
Exam Date : 04-2024-19 Last Date : 03-2024-30
Entrance Exam Notice Board
All India
Admission Test for IcfaiTech (ATIT)
Exam Date : 12-2023-21 Last Date : 12-2023-19
Entrance Exam Notice Board
State Level
Andhra Pradesh Physical Education Common Entrance Test (APPECET)
Exam Date : 05-2023-31 Last Date : 05-2023-24
Entrance Exam Notice Board
All India
All India Law Entrance Test (AILET)
Exam Date : 12-2023-10 Last Date : 11-2023-13
Entrance Exam Notice Board
All India
Joint Entrance Exam - Main (JEE-Main)
Exam Date : 01-2024-24 Last Date : 11-2023-30
Entrance Exam Notice Board
All India
Graduate Aptitude Test in Engineering (GATE)
Exam Date : 02-2024-03 Last Date : 10-2023-12
Entrance Exam Notice Board
All India
Joint Admission Test (JAM)
Exam Date : 02-2023-12 Last Date : 10-2023-11
Entrance Exam Notice Board
All India
AIMS Test for Management Admissions (ATMA)
Exam Date : 02-2024-18 Last Date : 02-2023-11
Entrance Exam Notice Board
University Level
PES Scholastic Aptitude Test (PESSAT)
Exam Date : Last Date :
Entrance Exam Notice Board
All India
Sha-Shib Scholarship and Aptitude Test (SSAT)
Exam Date : 04-2024-24 Last Date : 03-2024-15
More...