The US-based VGS Group on 25 September 2013 completed the design of its second 400 million US dollars Floating LNG Regasification Unit (FRU). It will start supplying gas to the Tamil Nadu market from 2016.
The 400 million US dollars VGS East Coast India LNG Import Terminal would supply gas to Andhra Pradesh market, especially aiming to serve the 7-gigawatt of idling power generation capacity around Kakinada, which has not commence operations due to shortage of fuel supply.
TVGS’ floating regasification plant with ship-based storage facility, located near Kakinada Deepwater Port, has become a global trend setter in facilitating LNG supplies to consumers.
The Indo-American VGS Group would link North American and Gulf Region natural gas supply with its LNG import terminals on India’s heavily industrialized, yet gas starved East Coast markets.