Nellore
Krishnapatnam Port Company signed a memorandum of understanding (MoU) with the Andhra Pradesh govt and Petrogas Pvt Ltd to set up a LNG regasification terminal. Petrogas is to invest Rs 3000 cr in building a floating storage and regasification unit (FSRU) with a minimum capacity of 5 million tonnes per annum (mtpa).
The commercial operations for the project will commence within three years and is expected to create more than 500 job opportunities.
“The project is ambitious and we are proud to contribute to this opportunity along with our esteemed partners. The infrastructure story of Andhra Pradesh is set on a promising horizon and projects of such scale will only provide significant boost to the country’s trade potential apart from creating immense job opportunities,” said Krishnapatnam's MD, Chinta Sasidhar.
