Never miss a story

Get subscribed to our newsletter


×
Oil Platform, Wikimedia

Bengaluru, Jan 28, 2017: Magnolia LNG, owned by the Australia-based Liquefied Natural Gas Ltd, signed a pact with the US-based Vessel Gasification Solutions (VGS) to sell annually 4 million tonne liquefied natural gas to India for 20 years from its US gas project, said a top official on Friday.

“The non-binding agreement provides for a 20-year Free-on-Board (FOB) sale and purchase agreement of up to 4 million metric tonnes per annum (mtpa),” said Magnolia Chief Executive Officer Greg Vesey in a statement from Australia’s Perth.


“We look forward to supplying long-term volumes to the Indian market to meet its growing needs for clean energy,” he said.

Please Follow NewsGram on Facebook To Get Latest Updates!

The New Jersey-based VGS is developing a floating LNG import and re-gasification terminal at the Kakinada deepwater port in Andhra Pradesh, and the Krishna-Godavari LNG import terminal will be first LNG import project to become operational on the country’s east coast.

“The terminal will allow utilisation of 7,000 mega watt of near-idled power plants and lay the groundwork in the industrial belt that girds the coastal region of Andhra and Odisha,” said the statement.

Stating that the agreement represented an important step forward for the Magnolia gas project, VGS President Gaurav Tiwari said his company was in a position to execute on the first-mover advantage it had established on the east coast.

“We are excited to take this step forward in our relationship with Magnolia and look forward to working with its team to bring a significant tranche of the US-produced LNG to a key new market on the east coast of India,” he said.

Magnolia proposes to construct and operate up to four liquefaction production trains, each with a capacity of 2 mtpa, using its patented OSMR LNG process technology.

ALSO READ: 47% Indian Working Women Experiencing Pandemic Stress: Study

Construction and operation includes two 160,000m3 full containment storage tanks, ship, barge, and truck loading facilities and supporting infrastructure.

Magnolia is developing an 8 mtpa LNG export terminal in the Port of Lake Charles, Louisiana in the US. (IANS)


Popular

IANS

Union Finance Minister Nirmala Sitharaman on Saturday asked the Directorate of Revenue Intelligence (DRI) to prevent dumping of toxic wastes in India.

Union Finance Minister Nirmala Sitharaman on Saturday asked the Directorate of Revenue Intelligence (DRI) to prevent dumping of toxic wastes in India. Speaking at an event to celebrate DRI's 64th foundation day, Sitharaman lauded DRI's compact strength of about 800 officers for their relentless efforts despite the imminent risks. The Finance Minister stated that the officers may be keeping a low profile, but they are acting like the frontline defence forces, doing spectacular work in safeguarding the economic frontiers of the country. "The recent smuggling attempts of huge quantities of narcotics, gold, red sanders, ivory, cigarettes etc. unearthed by DRI were appreciated by the Finance Minister," the Ministry of Finance said in a statement.

"Sitharaman said that the message through such enforcement actions should be such that these acts of brazen attempts at smuggling are nipped in the bud," the statement added. The Finance Minister also said that better coordination among the law enforcement and intelligence gathering agencies and sharing of actionable intelligence are the way forward in protecting the frontiers of the country more efficiently. "Sitharaman also asked the DRI to focus on interdicting dual use technology items as well as preventing the dumping of toxic wastes in our country," the statement said. (IANS/ MBI)


Keep Reading Show less
Photo by Brandon Romanchuk on Unsplash

Tech giant Amazon has expanded the sound detection capabilities of Alexa along with more features.

Tech giant Amazon has expanded the sound detection capabilities of Alexa along with more features. Alexa can now identify the sounds of running water and appliances beeping, reports Android Central. This means users can set up an Alexa routine to notify themselves when the washer beeps to indicate that laundry is finished, the report said.

When Alexa detects that the faucet has been left open, it will send users a notification as well so they can take appropriate action, it added. Amazon previously said at its event in September that it would add the ability to programme Alexa to recognise custom sounds, but that feature has yet to arrive. Having said that, the two new sound detection capabilities not only help users save energy, but they also make it easier to avoid paying for unnecessary charges on your home utilities, the report said.

The retail giant has also announced ultrasound motion detection, which will allow you to set up "Occupancy Routines" on additional Echo devices. This feature allows your smart speaker to detect nearby motion and initiate a routine, such as turning on the lights. It is compatible with many of the best Alexa speakers including the 4th-gen Echo, Echo Dot and Echo Dot with Clock. (IANS/ MBI)


Keep Reading Show less
Rawpixel

Comforting Christmas cocktails help you enjoy the celebrations and get into the festive spirit.

By Olivia Sarkar
It's the holiday season, which means it's time to be merry! As the month of December approaches, we're all in a festive mindset. With Christmas just around the corner, there will be plenty of parties and get-togethers with friends and family.

Comforting Christmas cocktails help you enjoy the celebrations and get into the festive spirit. The Leela Palaces, Hotels, and Resorts offer distinctive cocktails ranging from Hot Toddies to Decadent Egg Nogs. Sit back and enjoy one martini at a time to make the festive season a little brighter.

Dirty Chai Eggnog:

Eggnog is a Christmas favorite that is accustomed to toasts for good health and prosperity. It is an American tradition that has spread around the world. Historically, it has been made using eggs, milk, and alcohol. Our culinary artists have given an Indian twist to this winter drink, making it quintessentially desi!



Recipe:

30 ml Bourbon
30 ml Baileys
90 ml Hot milk tea
Whole Spices
Sweet cream foam to top up

Garnish:
Cinnamon powder and star anise.

Keep reading... Show less