Crown LNG Signs Gas Sales MOU with India Gas Exchange

Group 1 - Crown LNG Holdings Limited has signed a Memorandum of Understanding (MOU) with India Gas Exchange Ltd. (IGX) to cooperate on LNG sales to pipeline customers downstream from Crown's planned LNG import terminal in Kakinada, India [1][3] - The MOU aims to facilitate the listing, marketing, and sale of LNG cargoes through Crown's regasification terminal on the IGX platform, enhancing market awareness and participation in gas trading [3][4] - The collaboration is expected to strengthen India's energy security and support the country's goal of achieving a 15% gas-based economy by 2030, as outlined by Prime Minister Narendra Modi [3][4] Group 2 - The Kakinada terminal has an approved total import capacity of 7.2 million metric tons per annum (MMTPA), with Crown expecting to make a final investment decision in 2026 and deliver the first gas in 2029 [4] - Crown LNG is positioned to sell gas to a broad base of producers, traders, and offtakers across India, addressing the supply gap for the eastern coast of the country [4] - The company focuses on providing offshore LNG liquefaction and regasification terminal infrastructure solutions, targeting under-served markets globally with lower carbon energy sources [5]