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Petronet, Gangavaram Port to develop LNG terminal in Andhra Pradesh

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The public sector Petronet LNG Limited (PLL) and Gangavaram Port Limited (GPL) today signed a term sheet for developing a land based Liquified Natural Gas (LNG) Terminal at Gangavaram Port in Andhra Pradesh with a capacity of 5 Million Metric Tonnes Per Annum (MMTPA). 

Dr. A. K.  Balyan, MD & CEO, PLL and Mr. D. V. S. Raju, CMD, GPL signed the term sheet in the presence of Mr Sutirtha Bhattacharya, Principal Secretary, Infrastructure & Investment Department, Government of Andhra Pradesh.    
 
A press release from Petronet said the terminal would comprise facilities for receiving, storage and regasification of LNG and will be developed with an approximate investment of Rs 4500 crores.  
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