Karnataka’s first LNG terminal inches closer to reality as MoU inked

BENGALURU: Karnataka will soon have its first and the country’s sixth liquified natural gas (LNG) terminal. This is part of the Centre’s larger plan to boost the alternative fuel market to achieve net zero carbon by 2070.
An MoU has been signed between the state government and Singapore-based LNG Alliance company, in association with New Mangalore Port Trust (NMPT).
The project, with an investment of Rs 2,250 crore, is likely to be launched in the next two years with “minimal” land acquisition and usage of NMPT premises where there’s a dedicated LNG terminal. The company is close to registering its India arm under the name Shakti LNG to manage operations in Karnataka.