LNG

May 28 (LNGJ) - Mumbai Port Trust, the largest Indian port authority on the West Coast, has confirmed the signing of a 30-year licence agreement with SP Armada Clean Energy Ventures, a Malaysian-backed project planning the construction and deployment of a floating storage and regasification unit (FSRU) in Mumbai Harbour.

   Indian energy company Shapoorji Pallonji Oil and Gas Private Ltd owns 51 percent of the SP Armada Clean Energy Ventures and the balance is held by subsidiaries of Malaysia's Bumi Armada Group. India currently has seven LNG import facilities, six on the West Coast and one on the East Coast.