Wartsila plans to set up LNG Terminal

Wartsila plans to set up LNG Terminal

Wartsila India has said it is in advanced stage of discussions for setting up its first LNG terminal in India.

A 100 per cent subsidiary of Wartsila, Finland, Warstila India is a key player in the engineering, procurement and construction, marine and services sector,

Speaking to reporters in Chennai, Wartsila India president and managing director, Kimmo Kohtamaki said, “currently we are in discussions and they are at an advanced stage. We would like to finalise this year (to set up the LNG terminal).”

Wartsila India chairman Kari Hietanen said the company was witnessing a steady growth in the services sector while it was a little bit slower in the energy sector.

“We will focus on the three legs we have here — services, marine and renewables,” he added.

Image credit : naturalgasasia.com

Author: Research Desk