Inox India secures order to build a mini LNG terminal

11 Nov 2024 , 12:56 PM

Inox India Ltd, a cryogenic technology provider, stated on Monday, November 11, that it has obtained its largest contract to date: to construct, design, and install a Mini liquefied natural gas (LNG) terminal for a power plant project situated in The Bahamas from Island Power Producers Ltd.

INOXCVA stated that it will offer ten 1,500-cubic-meter vacuum-insulated cryogenic storage tanks and a regasification system.

The project, which is located on Arawak Cay near Nassau Cruise Port, is intended to assist IPP’s 60 MW combined-cycle power plant by supplying sustainable shore power for cruise ships, INOX India stated in a filing with the bourses. The financial details of the project have not been revealed.

The company said that, with a total LNG storage capacity of 15,000 cubic metres, the facility will be the world’s largest installation of shop-built, double-walled vacuum-insulated cryogenic tanks, serving as a model solution for energy generation and LNG distribution in distant areas.

This is INOXCVA’s third Mini LNG terminal, the first of its sort in the Caribbean, following the recent completion of another terminal in Antigua. The terminal’s modular architecture enables LNG delivery via smaller ships and ISO containers, expanding LNG availability for a variety of energy demands throughout The Bahamas.

This deal, which is the largest project to date for INOXCVA’s LNG division, demonstrates the expanding global demand for LNG-based energy solutions in remote and island regions, the company stated.

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