India: New LNG Import Terminal AG&P Signs MoU with Hindustan LNG
AG&P and Hindustan LNG (HLNG) have signed a Memorandum of Understanding (MoU) to supply tolled gas to power stations in the East Godavari region of Andhra Pradesh, India.
New Delhi/India — Under the agreement, AG&P, a global integrator of LNG infrastructure solutions including LNG terminals and the supply chains that emanate from them, will provide HLNG, a Hyderabad-based LNG import terminal development company, with an integrated solution to deliver regasified LNG through a new LNG import terminal that the contractor will also design and build at the port in Andhra Pradesh.
The MoU was signed at the Partnership Summit 2017 organized by Confederation of Indian Industry (CII), and the signing was graced by Chief Minister Shri N. Chandrababu Naidu. The Memorandum has launched a fully integrated solution for delivering tolled gas in India, including design, construction, financing, operations and maintenance of the new terminal, which is supposed to ensure a reliable and low-cost supply to power producers, fertilizer plants, cold storage and other industries in Andhra Pradesh and other markets along the east coast.
The company will be responsible for designing and building all the required facilities for the import terminal, including a floating storage and mooring system, regasification terminal, related utilities and the provision of tolled gas to power plants and other users. AG&P will also carry out any necessary conversion works and, upon commissioning, ongoing operations and maintenance activities.