Krishnapatnam Port signs MoU with

AP, Petrogas Krishnapatnam Port has signed a MoU with Petrogas Pvt Ltd and the government of Andhra Pradesh for setting up a LNG re-gasification terminal. Petrogas will commit a direct investment of Rs 3,000 crore at Krishnapatnam, in the fields of LNG regassification terminal and allied industries. The LNG Terminal will use a floating storage and re-gasification unit (FSRU) with a minimum capacity of 5 mtpa, which will be doubled to 10 mtpa in three years. The commercial operations for the project will commence within three years. Contact: Krishnapatnam Port Company Ltd. Tel: 0861-237 7999. Website: Www.krishnapatnamport.com