User Experience Design Development

Karawar – FSRU – Karnataka – Fox Petroleum – 7 – 1,050 – 2020


Indian LNG—The creation of a natural gas importing powerhouse https://www.daboosanat.com/wp-content/uploads/2019/04/Hydrocarbon-Processing-HCP-July-2018.pdf

TABLE 1. LNG import projects under development in India. Source: Energy Web Atlas. Project Location Operator Capacity, MMtpy Cost, $ MM Completion Dhamra LNG Odisha Adani Group 5 1,000 2020 Gangavaram LNG Andhra Pradesh Petronet LNG 5 – 2020 Kakinada Deepwater Port (FSRU) Andhra Pradesh Kakinada Deepwater Port 3.5 900 2018 Jaigarh FSRU Maharashtra H-Energy 4 261 4Q 2018 Karawar FSRU Karnataka Fox Petroleum 7 1,050 2020 Ennore LNG Tamil Nadu Indian Oil Corp. 5 1,600 2019 Jafrabad LNG Port (FSRU) Gujarat Swan Energy 5 – 2020 Mundra LNG Gujarat Gujarat State Petroleum Corp. LNG Ltd. 5 780 2018 Konkan LNG Dabhol (Maharashtra) GAIL 5 450 3Q 2021



Hyundai Heavy Industries wins $565 mln contract for Asia's largest FSRU

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Hyundai Heavy Industries wins $565 mln contract for Asia’s largest FSRU

Jan 09, 20172 min read Print this page

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Hyundai Heavy Industries (HHI) has won a $563 million contract to build Asia’s largest floating storage regasification unit (FSRU) to serve an LNG terminal in Karwar, Karnataka on India’s west coast.

The project is expected to be completed by late-2018, after which it will moored in 40 metres of water. HHI won the tendering for the FSRU against Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering.

India’s mega gas project includes 330,000 square metres of storage capacity and an LNG plant at Karawar in Karnataka.

Fox Petroleum, the manager of the FSRU and LNG terminal, said last year the vessel would be equipped to process 1 billion cubic feet (Bcf) of gas per day, while an onshore plant will have a storage capacity of 11.66 million cubic feet (330,000 cubic meters).

The total cost constructing the FSRU is estimated as $563 million, while the onshore plant is projected to cost $495 million, according to the Indian firm.

Fox Petroleum Ltd., the Indian unit of Fox Petroleum Group of Companies said the development of the project in Karnataka could create up to 3,000 jobs, while 90 percent of these are expected to be set aside for local youths.

India’s energy demand has grown sharply in recent years, with the country surpassing Japan as Asia’s second largest consumer in 2008, according to data by BP Statistical Review of World Energy 2016. 

Windfalls so far `18,500 crore Adani Green Energy Limited `1

Read more at:
https://bangaloremirror.indiatimes.com/bangalore/others/curtain-falls-on-biz-meet/articleshow/50857858.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Among the major investment proposals for which MoUs or EoIs were signed during the Invest Karnataka 2016 summit with amount in crores of rupees are:

Adani Green Energy Ltd 18,500 
JSW Steel Ltd 12,396
GETIT Green Energy Pvt Ltd 10,000
Essel Infra Projects Ltd 7,200
Fox Petroleum Ltd 7,000

https://www.daijiworld.com/news/newsDisplay.aspx?newsID=379311

Fox Petroleum another Indian company is said to be in talks with Samsung for a FSRU in Karwar Karnataka. Though no one in India is likely to admit it, the motivation for FSRU’s may have come from Pakistan which completed its Qasim FSRU terminal to receive LNG in a world record time of 335 days with only 179 actual construction days.

https://www.orfonline.org/wp-content/uploads/2016/07/ENM-Volume-XIII-Issue-4.pdf

Top projects committed

  • Adani Green Energy Limited: Rs 18,500 crore
  • JSW Steel Limited: Rs 12, 396 crore.
  • Geitso Green Energy Pvt Ltd: Rs 10,000 crore
  • Essel Infra Project: Rs 7,200 crore
  • Fox Petroleum Limited: Rs 7,000 crore
  • Shriram Properties Limited: Rs 5,920 crore

https://www.ibtimes.co.in/invest-karnataka-2016-deals-worth-rs-1-33-lakh-crore-signed-665810

Karnataka’s Electricity Sector Transformation India’s Leading Renewable Energy State

Karwar LNG Import Terminal This project, initially proposed by Fox Petroleum in 2014, is currently under construction and expected to be completed late this year. The FSRU/LNG import terminal being built at Karwar will have a capacity of 7Mtpa. 45 The FSRU is being built by Hyundai Heavy Industries and has a contract value of US$563m. The linked LNG storage plant will cost an estimated US$495m, bringing Fox’s total investment in the facility more than US$1bn.

http://meconstructionnews.com/emagazine/bigprojectme/edition_1118.php

Nigeria: Fox Petroleum Plans Investment in Nigerian Oil Industry

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A New Delhi-based petroleum company, Fox Petroleum Energy Trading Nigeria Ltd., on Tuesday said it would soon commence its investment in the exploration and processing of crude oil in Nigeria.

Mr Kabo Sunday, the company’s Managing Director/Country representative (Nigeria), told the News Agency of Nigeria (NAN) in Abuja they would be investing billions of dollars in the Nigerian petroleum sector.

https://allafrica.com/stories/201605180122.html

R123-bn local oil deal signed

Signatures secured for R123-billion oil and gas tank farm and power plant south of Mtunzini.October 19, 2015

Joining hands for the development are (back) Ben Mkhize (Phangela Director), Frans van der Walt (Project Advisor), Shaksi Yadav (Fox Board Member), Saryu Prasad (Fox Board Member and Director), Mike van Croononburg (Phangela CEO), Ajay Kumar Jha (Fox Chairman and Managing Director) and welcoming the delegates, (front) uThungulu Cllr BV Mthethwa

ZULULAND will become home to Africa’s largest oil and gas terminal as foreign investors jump onboard for a $9.2-billion (R123-billion) venture.

Phangela Storage Tank Farm, proposed to be built south of Mtunzini and Fairbreeze, will boast a giant liquid bulk facility with storage capacity of two million cubic meters as well as dedicated marine facilities, reversible pipeline infrastructure, a LNG re-gasification terminal and two offshore single buoy moorings (SBM) to accommodate supertankers.

Products such as LPG, LNG, crude oil and bulk liquid petrochemicals will be imported and exported from the depot to long-term local and international clients.

Once fully operational, the terminal will employ around 16 000 permanent staff members with 260 security guards on standby per shift.

Tanks on the farm will each be the width of a rugby field and rise three stories high

Tanks on the farm will each be the width of a rugby field and rise three stories high

The project has received backing by renowned industry leaders including Indian oil company Fox Petroleum, Indian port terminalling and infrastructure group IMC Limited, global commodities trading group Gunvor Singapore, UK-based global marine services provider Fendercare Marine, Dutch insurance brokers Raetsheren van Orden and multi-national audit firm Ernst & Young.

‘This is the biggest development KZN has seen in decades,’ said Phangela Holdings CEO Mike van Croonenburg.

‘Reversible offshore pipelines will be connected 175 kilometres south to Durban and 40kms north to Richards Bay – it is the safest way to transport oil as there is no risk of road accidents.

‘And the dedicated Marine Park will have two SBMs and berthing dolphins ensuring no congestion, no demurrage and significant reduced environmental damage risks.’

Van Croonenburg added it will be a proudly South African project aiming to create innumerable direct and indirect work opportunities in the region.

Green power plant

Fox Petroleum on Thursday morning agreed to invest in a 1500 megawatts gas power plant, using LNG as feedstock, to power the vast operation.

At the stakeholders engagement session, held on Thursday afternoon in Richards Bay, Fox Petroleum Chairman and Managing Director Ajay Kumar Jha emphasised the plant will not only provide clean, renewable energy, but four percent of the total earnings will be re-invested in the local community.

‘We will build schools, a college, a hospital offering medical services free of charge, and give scholarships.

‘It’s not tax, it’s humanity.

‘India and South Africa has always had a good relationship and we would like to be remembered fondly by helping those we can.’

Tanks on the farm will each be the width of a rugby field and rise three stories high 

Proposed multi-billion KZN gas terminal to create 16 000 jobs

Mia Moorcroft

Ship. Image courtesy: stock.xchng

Ship. Image courtesy: stock.xchng

KwaZulu-Natal is set to become home to Africa’s largest oil and gas terminal through a R123 billion venture involving a group of foreign investors.

The Phangela Storage Tank Farm, proposed to be built south of Mtunzini and Fairbreeze, will boast a giant liquid bulk facility as well as dedicated marine facilities, reversible pipeline infrastructure, a liquefied natural gas (LNG) re-gasification terminal and two offshore single buoy moorings to accommodate supertankers.

Once fully operational, the terminal will employ around 16 000 permanent staff members with 260 security guards on standby per shift.

Products such as liquefied petroleum gas (LPG), LNG, crude oil and bulk liquid petrochemicals will be imported and exported from the depot to long-term local and international clients, Zululand Observer reported.

The project has received backing by from Indian oil company Fox Petroleum, Indian port terminal and infrastructure group IMC Limited, global commodities trading group Gunvor Singapore, UK-based global marine services provider Fendercare Marine, Dutch insurance brokers Raetsheren van Orden and multi-national audit firm Ernst & Young.

“This is the biggest development KZN has seen in decades,” said Phangela Holdings CEO Mike van Croonenburg. “Reversible offshore pipelines will be connected 175 kilometres south to Durban and 40kms north to Richards Bay – it is the safest way to transport oil as there is no risk of road accidents,”

“And the dedicated Marine Park will have two single buoy moorings and berthing dolphins ensuring no congestion, no demurrage and significant reduced environmental damage risks,” he said.

Van Croonenburg added it will be a proudly South African project aiming to create innumerable direct and indirect work opportunities in the region.

Fox Petroleum on agreed to invest in a 1500 megawatts gas power plant, using LNG as feedstock, to power the operation.

At the stakeholders engagement session, held on Thursday afternoon in Richards Bay, Fox Petroleum Chairman and Managing Director Ajay Kumar emphasised the plant will not only provide clean, renewable energy, but four percent of the total earnings will be re-invested in the local community.

“It’s not – tax, it’s humanity,” Kumar said. “We will build schools, a college, a hospital offering medical services free of charge, and give scholarships.”

– Caxton News Service
https://citizen.co.za/news/south-africa/825570/proposed-multi-billion-kzn-gas-terminal-to-create-16-000-jobs/

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