Crown LNG has signed a memorandum of understanding (MoU) with Indian Gas Exchange (IGX) to set up a liquified natural gas (LNG) terminal at Kakinada Deepsea Port, Andhra Pradesh. The project is expected to cost Rs 90 billion.
Kakinada Deepsea Port, known for its favorable deep-water conditions, is an ideal location for LNG handling and storage. The project is expected to boost natural gas availability, support industrial growth, and contribute to India’s clean energy transition.
With Crown LNG’s expertise in offshore LNG infrastructure and IGX’s role in gas trading and market development, the partnership is set to play a crucial role in ensuring energy security and affordability for industries across India.