Fox Petroleum proposes FSRU terminal offshore India
Fox Petroleum proposes FSRU terminal offshore India
BANGALORE, India -- Fox Petroleum Limited has proposed India’s First Floating Storage Regasification Unit (FSRU) LNG Terminal. The offshore terminal has to process 1 Bcfgd and have a storage capacity of 330,000 m3 of LNG onshore and same capacity offshore to cater the energy need of the State of the Karnataka, on the western coast of India.
Mr. Ajay Kumar, Chairman and Managing Director of Fox Petroleum Limited gave a detail oriented presentation to Chief Minister Siddaramaiah. During his presentation, Mr. Ajay Kumar, Chairman & Managing Director of Fox Petroleum Limited, shared a comprehensive analysis of opportunity and challenges of setting up the innovative project and explained how it can contribute to energy need of the state.
“These terminals will help in the delivery of LNG to onshore locations via an infrastructure of subsea pipelines. Six members of Fox Consultancy Services ( one of Fox Petroleum group companies) engineers of senior class were tasked to provide a front-end engineering analysis for a Floating Storage and Regasification Unit (FSRU) which is proposed located in the India Coastal region off the coast of Arabian Sea.” Mr. Kumar added.
Fox Petroleum has also arranged all required technical and financial requirements for the project including funding the project by its own capacity. Fox Petroleum Limited is an associate company of Fox Petroleum FZC based in United Arab Emirates. It is headquartered in New Delhi, India with offices in UAE and USA.
