Toyo to build new LNG regasification plant in India
Toyo Engineering has been awarded a project for a new regasification plant with a send-out capacity of 5 million tons, the company announced on Monday.
The plant is to be constructed by GSPC LNG Ltd. (GLL) at Mundra in Gujarat State on the west coast of India.
Toyo-India will lead EPC work on a turnkey basis, from engineering to construction and commissioning. The plant is scheduled to be completed by the end of 2016.
GLL is a joint venture mainly anchored by GSPC (Gujarat State Petroleum Corp.), which is involved in the exploration and production (E&P) of oil and gas.
In this case, the venture aims to establish an LNG receiving, storage and regasification terminal.
For Toyo, this award follows on from the expansion project for Petronet LNG at Dahej, Gujarat State, which was presented to Toyo recently.
To meet the growing demand for natural gas for electricity and fertilizer, more than 10 additional LNG import terminals are now planned to be built in India.
Toyo says it plans to actively develop its business activities in the country, striving to secure orders for LNG-receiving terminal projects as well as fertilizer projects using gas as feedstock.
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