Petronet LNG Limited and Gangavaram Port Limited have signed a firm and binding term sheet for developing a land based LNG Terminal at Gangavaram Port with a capacity of five million Metric Tonnes Per Annum (MMTPA).
The Liquified Natural Gas (LNG) Terminal at Gangavaram Port will comprise of facilities for receiving, storage and regasification of LNG and will be developed with an approximate investment of Rs 4500 Crores.
This will be the third LNG terminal owned by Petronet, which is India’s largest LNG importer. The other two LNG Petronet owned plants are; an operational 10 MMTPA terminal at Dahej, Gujarat, and a five MMTPA terminal at Kochi, Kerela, which is likely to become operation in the next six months.
The terminal at Gangavaram Port will have the provision for further expansion like the flag-ship Dahej LNG Terminal.
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