East Horizon to develop floating storage and regasification unit at Kolkata port
East Horizon Pvt Limited has signed a licence agreement with the Syama Prasad Mookerjee Port, Kolkata (SMPK). As per the agreement, the firm will develop a Floating Storage and Regasification Unit (FSRU) at the Haldia Dock Complex.
The project will take an investment of Rs 260 crores, and it will be a specialised offshore vessel or terminal that receives Liquefied Natural Gas (LNG) from carriers, stores it in a liquid state, and converts it back into natural gas for distribution into onshore pipelines.
Also Read: VO Chidambaranar Port: Capex worth Rs 15,000 crores planned for expansion