Shell exits India LNG import project
India India flng import terminal
Planned to serve the northeastern state of Andhra Prades, Shell reportedly abandoned the venture due to a lack of sufficient demand. In further comments, Prasad said that engineering work related to the terminal had been completed, and that the project was ready to progress to the next stage.
The floating LNG import terminal had a planned capacity of close to 5 million tonnes per year under phase one. A second phase expansion would have seen capacity increase to 8.94 million tonnes of LNG per year.
Shell had a 26% equity stake in the project and a further 26% share in the joint venture vehicle set up to execute the project. Partners were GAIL and GDF SUEZ.
Recent Posts
Mozambique’s Coral Sul FLNG passes performance test
Air Products’s LNG liquefaction equipment deployed on Coral Sul FLNG in Mozambique has successfully passed its performance test, Air Products… Read More
Saudi Aramco hands $1.7-billion contract to China’s CPECC
Saudi Aramco has awarded a USD 1 Read More
Seatrium wins MODEC contract for Guyana-bound FPSO
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More