Oil/Gas Industry International Cooperation For Offshore Regasification Plant in India
Andhra Pradesh Gas Distribution Corporation (APGDC), a company jointly promoted by GAIL and Andhra Pradesh Gas Infrastructure Corporation, has signed a Project Framework Agreement with GDF Suez LNG for jointly setting up a Floating Storage and Regasification Unit for offshore operations of the coast of Andhra Pradesh.
APGDC has been mandated to establish an LNG importation facility in the region to narrow the gap between demand and supply position and in the context of restricted availability of gas and consequential underutilization of infrastructure especially in the power sector. Implementation of the project assumes great significance as the same can be set up in relatively short period of time as compared to a conventional on land LNG terminal.
Under the agreement, APGDC and GdF Suez shall jointly conduct a feasibility study and target commissioning of the floating facility by the end of 2013.