GAIL, Shell officials meet Naidu

Officials of PSU gas major GAIL and multinational giant Shell called on Andhra Pradesh chief minister N Chandrababu Naidu on Tuesday to apprise him of the need for removing roadblocks (if any) for fasttracking works on the proposed floating, storage and re-gasification-based liquefied natural gas terminal at Kakinada.

Naidu is learned to have assured them the project was an overriding priority and instructed officials to ensure there were no hindrances to the project at the local level.

The Rs 5,000-crore project, which involves a floating, storage LNG terminal in Phase-I for Rs 3,500 crore, and land-based pipeline network in the following phases, is expected to generate around Rs 3,500 crore in tax revenues for Andhra Pradesh.
 

While GAIL is a JV partner, Shell was last month inducted by the state government with a 26 per cent equity in the SPV.