NGC Energy to set up Rs 400 cr LPG import and storage unit at Krishnapatnam

The refrigerated terminal will have a storage capacity of 30,000 tonnes and a throughput capacity of 1.4 mn tonnes a year for servicing public sector and private sector firms in the hinterland

NGC Energy, a joint venture between National Gas Company of Oman and Petredec India Pte Ltd, Singapore, is setting up an LPG import and storage terminal at Krishnapatnam Port at an investment of around Rs 400 crore.

The Foundation Stone for the terminal was laid by Abdulla Suleiman Hamed Al Harthy, Chairman, NGC Energy today.

The refrigerated LPG import and storage terminal will have a storage capacity of 30,000 tonnes and a throughput capacity of 1.4 million tonnes per annum for servicing public sector and private sector companies in the hinterland.

The new terminal, which will help bridge the demand-supply gap, aims to