GDF Suez, GAIL to jointly build India's first FLNG terminal

GDF Suez, GAIL India and Andhra Pradesh government have signed a deal to set up India’s first floating terminal to import liquefied natural gas.

by: Shardul

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GDF Suez, GAIL to Build India's First FLNG Terminal

GDF Suez, GAIL India and Andhra Pradesh government have signed a deal to set up India’s first floating terminal to import liquefied natural gas.

The terminal will likely have a capacity 3.5 million tons per year is expected to be commissioned by the end of next year.

GDF Suez will hold a 26% stake while Andhra Pradesh Gas Distribution Corp. will have the remainder.

Andhra Pradesh Gas Distribution is owned jointly by GAIL Gas Ltd.and Andhra Pradesh Gas Infrastructure Corp.