Petronet LNG Limited to buy a stake in upcoming LNG terminal at Krishnapatnam port

Petronet LNG Limited (PLL) plans to take a 26 per cent stake in a 1 million tonne (mt) capacity terminal for import and regasification of the super cooled fuel. The terminal will be operated by BPCL at Krishnapatnam port in Andhra Pradesh’s Nellore district. BPCL has received the board’s approval for the project, which is estimated to cost Rs 17 billion and is targeted to begin operations by 2024.