Petronet LNG is looking for a strategic partner for its LNG terminal project being set up at Gangavaram port in Visakhapatnam district of Andhra Pradesh.
The company intends to keep 70 per cent of the equity with itself while it may offer a small portion (less than 10 per cent) to Gangavaram port and 10 per cent or so to a strategic partner from abroad who can bring in the technological support or who can be of help in sourcing LNG.
The Rs 4,500-crore terminal will have a capacity of 10 million tpa. The company has submitted the draft environment impact assessment report to the Andhra Pradesh Pollution Control Board and the public hearing will be conducted on 9 November 2012. The front-end engineering design document is being prepared by Engineers India and it may be ready by November 2012. The topography survey, soil analysis and other preliminary surveys will also be completed soon.