India’s new LNG plant starts next year, to boost import capacity by 12%
NEW DELHI/SINGAPORE (Reuters) – India will boost liquefied natural gas (LNG) imports from next year as private firm Swan Energy starts its floating terminal, raising the country’s capacity to ship in the super chilled fuel by 12% to 47.5 million tonnes per annum (mtpa).
New demand for LNG from India is expected to support Asian gas prices which rose to record highs earlier this year, partly aided by the transition from coal or oil to gas in developing countries.
The 5-mtpa floating storage and regasification unit (FSRU), located at Jafrabad in western Gujarat state, will be commissioned in April, said P Sugavanam, director at Swan Energy and chairman of Swan LNG Ltd, which is developing the project.
