Crown LNG has signed a deal that could see liquefied natural gas (LNG) from its planned LNG import terminal in Kakinada, India, listed, marketed, and sold on the India Gas Exchange (IGX).
A signed non-binding Memorandum of Understanding (MoU) between the LNG specialist and the IGX will provide a framework for LNG cargoes travelling through Crown’s regasification terminal to be on the IGX.
The proposed LNG important terminal is expected to have a capacity of around 7.2 million tonnes per annum. Crown expects to achieve final investment decision for the project in 2026 and to deliver first gas in 2029.
Swapan Kataria, CEO of Crown LNG, said the collaboration offers a unique position to sell gas to a large base of producers, traders, and off-takers throughout India.
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