INOX India to Build Mini LNG Terminal in The Bahamas

INOX India has secured a contract with Island Power Producers to supply 10 cryogenic LNG tanks and a regasification system for a 60 MW power plant, marking its biggest-ever Mini LNG terminal project.

November 12, 2024. By EI News Network

INOX India Ltd., a provider of cryogenic technology, has clinched a major contract to set up a Mini LNG terminal in The Bahamas for Island Power Producers Ltd. (IPP).

This project, designed to support IPP’s 60 MW power plant supplying shore power to cruise ships at Nassau Cruise Port, includes designing, engineering, and supplying the LNG terminal. This significant deal marks INOXCVA’s largest-ever LNG project and the construction of the world’s largest shop-built double-walled vacuum-insulated cryogenic tanks.

Under the contract, INOX India will deliver 10 LNG storage tanks, each with a capacity of 1,500 m³, alongside a regasification system, collectively providing a storage capacity of 15,000 m³ of LNG. This installation sets a new record for INOXCVA in terms of tank size and capacity, establishing this Mini LNG terminal as its largest project to date and the first dedicated to shore power for cruise ships in the region.

Siddharth Jain, Promoter and Non-Executive Director of INOX India, remarked, "This project reinforces our commitment to advancing LNG adoption worldwide, from transport fuel to power generation. Partnering with IPP enables us to create a model for LNG distribution and energy supply across The Bahamas.The project is a testament to our ‘Make in India, for the World’ initiative, as we produce major components at our Kandla facility."

The terminal, INOXCVA’s third Mini LNG installation, builds on its success at Antigua, which highlights the expanding role of LNG in remote areas. Scheduled for setup at Arawak Cay, Nassau, this facility will act as a distribution hub for LNG across The Bahamas, accommodating smaller LNG users through LNG ISO container reloading.

IPP Director Chris Satterfield expressed pride in partnering with INOXCVA, noting that this modular LNG terminal will serve as a low-carbon fuel hub for The Bahamas and the region. He emphasised that IPP’s new facilities in Nassau, supported by INOXCVA’s expertise, will help The Bahamas meet its carbon reduction goals.

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Island Power Producers Ltd