On January 15, 2015, an official of GAIL, an Indian natural gas company, stated in New Delhi that Royal Dutch Shell will obtain a 26% stake in the planned Kakinada LNG terminal project on the east coast of India. The number of shares previously proposed by it.
In the Karnada LNG terminal project in India, the French gas company owns 26% of the shares, and the Andhra Pradesh natural gas distribution company, which holds shares of GAIL, a subsidiary of GAIL (India), owns the remaining 48% of the shares. .
GAIL Chairman BC Tripathi stated last year that Shell is negotiating with the government of Andhra Pradesh to purchase up to 24% of this project.
On January 15, Shell, French Gas, and GAIL signed an agreement to purchase LNG from this project.
The partner conceived this 3.5-million-ton/year Floating Storage and Regasification Unit (FSRU) in 2012. The official said that the partner has so far not made a decision on whether to lease or purchase FSRU.
Shell signed an agreement with Prudential Power India in 2012 to build an LNG terminal in Andhra Pradesh. However, the Indian company withdrew from the project in 2013.
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