The Krishna Godavari LNG Terminal—special purpose vehicle of US-based VGS Group Inc has planned to take up development of an offshore LNG floating storage and re-gasification unit at Kakinada Deep Water Port in Andhra Pradesh.
The company will set up offshore LNG floating storage and re-gasification unit (FSRU) in two phases with a handling capacity of 3.60 million tonnes per annum (mtpa) in phase-I and ultimate capacity of 7.20 mtpa in phase-II as per the project.
The first phase will be commissioned in 1 year after obtaining due clearance and the second phase will be commissioned in 24 months after the commissioning of phase-I. As of July 2016, the project has received environment clearance.