Karaikal Port in Southern India Plans LNG Terminal

Karaikal Port, near the city of Chennai, is in talks with three global firms to build an LNG terminal inside the port, Business Standard newspaper reported Thursday.

The port is located around 300 km along the coast of capital of the Indian state of Tamil Nadu. Currently, the port has a capacity of 28 mtpa and handles coal, fertilisers, petroleum products (liquid cargo), edible oil, minerals & ores, and container/general cargo. 

The proposed terminal is expected to have a capacity of three million tonne per annum (mtpa).

"Three investors have shown interest and we are in the final stage of negotiations. We want the terminal to be operational in the next 24-30 months,” G R K Reddy, chairman and managing director of MARG Group, which is the promoter of Karaikal Port, told Business Standard.

Reddy did not disclose the names of the companies.