Crown Kakinada LNG Terminal

From Global Energy Monitor
This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.
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Crown Kakinada LNG Terminal is a liquefied natural gas (LNG) import terminal proposed in India.[1]

Location

The terminal is proposed to be located offshore of Kakinada, India.[1]

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Project details

  • Operator:
  • Owner: Crown LNG India AS[2]
  • Parent company: Crown LNG Holdings Ltd[3]
    • Formerly Crown LNG[2]
  • Location: 11 km offshore Kakinada, Andhra Pradesh[2]
  • Coordinates: 16.9524, 82.3869 (approximate)
  • Capacity: 7.2 mtpa[3]
  • Status: Proposed[1]
  • Type: Import[1]
  • Start year: 2028[4]
  • Financing:
  • Cost: US$1 billion[3]
  • FID status: Q3 2025[3]
    • Formerly Pre-FID (2022)[2]
  • Associated infrastructure:

Background

In June 2021, Crown LNG began to develop an LNG import terminal offshore of Kakinada, India. Crown LNG will build and ensure operations and management of the facility over a 25-year lease period following the completion of construction. The project is planned as a gravity-based structure resting on the seabed. Crown LNG is targeting FID for the end of 2022 and the company expects to begin operations 3 years later.[5]

In July 2021, Crown LNG signed a deal with Aker Solutions as the main contractor to deliver a concrete gravity-based structure for the terminal. Aker Solutions and key subcontractors are expected to conduct the front-end engineering and design for the LNG terminal. Siemens Energy and Wärtsilä Gas Solutions have been assigned as key subcontractors on the project. Siemens will develop the power generation and distribution system and the platform control system, while Wärtsilä will develop the re-gasification system for the terminal.[6]

In August 2023, Crown LNG announced that it and Catcha Investment Corp. had signed an agreement for Crown becoming a US publicly listed company under the name Crown LNG Holdings Ltd. The proceeds are intended to generate capital for building Crown Kakinada LNG Terminal and Grangemouth FSRU.[3]

In January 2024, it was reported that the terminal was expected to be commissioned by 2028.[4]

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 "Crown LNG starts on Kakinada LNG terminal offshore India". Offshore Energy. 2021-06-09. Retrieved 2022-06-14.
  2. 2.0 2.1 2.2 2.3 Wright2021-06-10T12:32:00+01:00, Anthony. "Crown LNG to develop LNG terminal offshore India". gasworld. Retrieved 2022-06-14.
  3. 3.0 3.1 3.2 3.3 3.4 LNG Prime Staff (2023-08-04). "Crown LNG to go public via Catcha deal, working on FIDs for two terminals". LNG Prime. Retrieved 2023-10-02.
  4. 4.0 4.1 Rakesh Sharma, Norway’s Crown LNG to Spend $1 Billion on India Regas Terminal Counting on Mounting Demand, Bloomberg, Jan. 16, 2024
  5. The LNG Industry: GIIGNL Annual Report. GIIGNL. May 2022.
  6. "Crown LNG Awards FEED Deal to Aker Solutions for Offshore LNG Terminal in India". Offshore Engineer. July 5, 2021. Retrieved June 12, 2024.{{cite web}}: CS1 maint: url-status (link)