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Can US India energy bridge work
When it comes to ensuring a stable supply of Liquefied Natural Gas (LNG), India needs to maintain strong diplomatic ties with only the four largest gas suppliers, i.e. US, Qatar, Australia and Russia, said Crown LNG’s CEO Swapan Kataria.
Kataria leads a company, which develops, finances, owns and operates LNG terminals in locations exposed to harsh weather conditions. Following his session at the News18 Rising Bharat Summit at Bharat Mandapam, Kataria sat down with Firstpost to speak about Crown LNG’s project at Kakinada Deepsea Port in Andhra Pradesh, energy challenges India is currently facing and how LNG can prove to be a solid bridge between India and the United States.
In February this year, Kataria signed a Memorandum of Understanding (MoU) with Indian Gas Exchange (IGE) CEO Rajesh Kumar to set up an LNG terminal in Andhra Pradesh. “The LNG terminal will be set up at an estimated cost of ₹90 billion. The facility is expected to meet the commercial and industrial needs in South India,” Kakinada Member of Parliament T. Uday Srinivas said in a statement at that time.
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