THE BIGGEST ASIA'S LNG TERMINAL
FOX PETROLEUM wrote, they have officially invited to work on FSRU LNG Terminal Karwar, Karnataka. Memorandum of Understanding is signed between Fox Petroleum Ltd an Indian arm of Fox Petroleum Group of Companies and The Government of Karnataka (In the presence of Hon’ble Minister Large, Medium Industries & Tourism Government of Karnataka); Total amount of LNG will be gasified per year from terminal expected 7.2 Million MT Per Year that will make it Asia’s Biggest LNG Terminal.
Terminal will be managed Fox Petroleum LNG Terminal Team.
It will be Karwar’s second busiest port but in LNG, handling about 35% of nation’s LNG Cargo. The Site is located in an old channel of the Karwar, Karnataka. The total area for the Port comprises of 100 acres onshore storage, with an adjacent 11,000 acres (45 km square) industrial estate. Terminal is located at a distance of about 50 km from city centre district administration and 15 km from National Highway.
MoU Signed to achieve the following objectives:
(a.) The Company proposes to set up Floating Storage Regasification unit with Storage Capacity Plant of LNG, in Karnataka with an investment of Rs 7000/- crores.
(b). The Government of Karnataka will provide the requisite support for implementation of the above project in the State.
(c) Create 3000 New Jobs with guarantee to hire 90% local youths.
The project will be developed in Karawar District of Karnataka; India. Floating Storage Regasification Unit (FSRU) LNG Terminal Offshore to process 1 billion cubic feet (bcf) of gas per day and a storage capacity of 330,000 m3 of LNG Onshore and same capacity Offshore to cater the Energy Need of the State of the Karnataka (India).
At current market prices, Spain is the least-expensive location. The total cost for constructing the FSRU estimated as US $563 million only offshore and onshore US $495 Million.
|February, 16, 23:45:00|
|February, 16, 23:40:00|
|February, 16, 23:35:00|
|February, 16, 23:30:00|
|February, 16, 23:25:00|
|February, 16, 23:20:00|
AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.