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Petronet LNG invites bids for 5 MT LNG terminal at Gangavaram

14 May 2013 Evaluate

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.

Petronet LNG Share Price

273.05 1.50 (0.55%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Petronet LNG 273.05
Bharat Coking Coal 35.75
Linde India 7234.30
Refex Industries 244.75
IRM Energy 220.60
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