LNG Bharat to Roll Out FLNG Terminal
LNG Bharat Private Ltd is setting up a floating LNG Floating Storage Unit (FSU) with a capacity of 5 million tonnes per annum at Krishnapatnam port in Nellore district the Hindu Businessline reports quoting J. Murthy, the Managing Director.
The company had taken 120 acres of land from the port and leased a berth for setting up the terminal and a pipeline would also be laid from Krishnapatnam to Ennore in Tamil Nadu, via Sullurupeta and Sri City.
The total project cost, including the terminal and the pipeline, would be Rs. 1400 crores, he said.
If the construction commences in May 2016 (as planned), the terminal is expected to be commissioned by December 2017.
A public hearing for setting up LNG Floating Storage Unit (FSU) at Krishnapatnam Port held at Tamminapatnam village under Chillakur mandal on Tuesday saw vehement opposition from the local crowd resulting in the uproarious scenes.
Local fishermen community resisted establishment of the gas storage unit and announced their complete opposition to the same.
Hyderabad-based LNG Bharat is a unit of Rajahmundry-based KEI-RSOS Petroleum & Energy (KRPEL) that operates five on-shore oil and gas fields in the Krishna Godavari basin.
