ONGC, AP govt pointer Rs 40,000 cr MoU for LNG regasification depot in Kakinada

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Vijaywada: The Andhra Pradesh Government has sealed a Rs 40,000-crore chit of bargain (MoU) with a Oil and Natural Gas Corporation (ONGC) for environment adult a LNG Regasification Terminal in Kakinada Deep Water Port.

The ONGC logo. The ONGC logo.

The ONGC logo.

Underlining a significance of a regasification terminal, Andhra Chief Minister N Chandrababu Naidu pronounced a 19th century belonged to coal, a 20th century belonged to oil, however, a 21st century really belongs to gas.

“We wish to make Andhra Pradesh a largest shipping hub, and thus, we are going in a large approach for building ports. We are formulation six-seven another ports- major, middle or minor. Our perspective is really clear, as on today, we are series dual in sea load and we wish to rise serve by ports and a port-led mercantile development,” he added.