Two JVs to set up LNG terminal in Andhra Pradesh

Two joint ventures were approved by Competition Commission involving GAIL India and Andhra Pradesh Gas Distribution Corporation for setting up a floating LNG terminal in Andhra Pradesh. Joint venture for LNG terminal and trading of LNG at Kakinada by APGDC, GAIL, Shell and Engie. The first JV is between APGDC (Andhra Pradesh Gas Distribution Corporation), GDF SUEZ Energy International Global Development BV, also known as Engie, and Shell Gas. APGDC, a joint venture between the Andhra Pradesh government and GAIL, GDF SUEZ and Shell would have 48 %, 26 % and 26 % equity, respectively, in the project. The second agreement is between GAIL, GDF SUEZ and Shell and covers both the sourcing of LNG and the marketing of the regassified LNG from the terminal. GAIL, GDF SUEZ and Shell would have 48 %, 26 % and 26 % equity, respectively, in the project.