Petronet LNG has received Union Ministry of Environment and Forests’s nod for its proposed liquefied natural gas terminal at Gangavaram Port in Andhra Pradesh (AP). The project is likely to see an investment of about Rs 4,500 crore.
The company’s proposed land-based terminal will have facilities for receiving, storage and regasification of LNG with an initial capacity of 5 million tonnes a year. The company will develop the project in partnership with Gangavaram Port on the east coast close to Visakhapatnam.
Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.