Norway’s Crown LNG has picked compatriot
Crown said on
Crown is developing the LNG terminal on behalf of its client KGLNG, which is a subsidiary of East LNG. The Norwegian developer signed an exclusive agreement with KGLNG in June to finance, build and lease the facility for 25 years.
The LNG infrastructure developer noted that it expected an FID to be reached by the end of 2022, with the terminal anticipated to come online approximately three years after that.
In addition to Aker’s appointment, Crown added that
The terminal has been designed as a gravity-based concrete structure that will sit on the seabed, which should allow it to better withstand India’s monsoon season and operate year-round.
“This LNG terminal will be based in a location exposed to monsoon seasons, which requires partners with the best track record from harsh environment projects. This is why we have engaged
KGLNG, which submitted a detailed project report (DPR) and environment impact assessment (EIA) report for the project to the state government in late 2014, had originally planned to adopt a floating LNG (FLNG) design. Crown, however, said KGLNG’s licence has recently been updated to reflect its solution and 365-day operational window.
©2021 bne IntelliNews
, source