Norwegian group, Crown LNG, has initiated an agreement with Indian company, East LNG, to develop an offshore LNG terminal in the Kakinada area, India.
The Indian subsidiary of Crown LNG Holding AS, Crown LNG India AS, signed the agreement, which will see the infrastructure for the LNG terminal at Kakinada financed, built, and provided with a 25-year lease.
The company specialise in building LNG facilities designed for harsh weather conditions, ideal for ensuring structural integrity during the Indian monsoon season.
Gunnar Knutsen, CEO of Crown LNG AS, said, “We will build an LNG terminal that will be operational 365 days per year, including during the monsoon season, for 25 years following the completion of the terminal.”
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