Petronet LNG, India’s biggest importer of liquid gas, has invited bids in order to establish facilities at its proposed 5 million tonnes LNG terminal at Gangavaram in Andhra Pradesh. It has floated a tender to qualify bidders for constructing gas storage facilities, re-gasification plant and marine facilities at Gangavaram.
The entity has received final approval from its board of directors to build a third LNG terminal at Gangavaram, which is the first terminal to be located on the east coast. It had signed a term sheet with the Gangavaram Port for the LNG terminal last year, when it also called for bids for leasing an FSRU (Floating Storage & Re-gasification Unit) for 3-5 years to cover the period till the terminal is completed in 2016.
