Crown LNG and Indian Gas Exchange will set up terminal at Kakinada Deepsea Port, says MP
The Hindu
Crown LNG and Indian Gas Exchange will set up terminal at Kakinada Deepsea Port, says MP. The CEOs of both the companies entered into an MoU on February 14 on the sidelines of the India Energy Week-2025 held in New Delhi, says Uday Srinivas.
Kakinada Member of Parliament T. Uday Srinivas has said that Crown LNG’s CEO Swapan Kataria has signed a Memorandum of Understanding (MoU) with Indian Gas Exchange (IGE) CEO Rajesh Kumar to set up a Liquified Natural Gas (LNG) terminal at the Kakinada Deepsea Port in Kakinada in Andhra Pradesh.
“The LNG terminal will be set up at an estimated cost of ₹9,000 crore. The facility is expected to meet the commercial and industrial needs in South India,” Mr. Uday Srinivas said in a release, adding that the MoU was signed on February 14 on the sidelines of the India Energy Week-2025 held in New Delhi.
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