AP utilitities, GAIl JV to set up floating storage and re-gasification unit (FSRU)

Andhra Pradesh Gas Distribution Corporation Ltd. (APGDC), jointly promoted by GAIL Gas Ltd. (GGL) and Andhra Pradesh Gas Infrastructure Corporation Pvt. Ltd. (APGIC), on Tuesday, entered into a project framework agreement (PFA) with GDF Suez LNG UK Ltd. for jointly setting up a floating storage and re-gasification unit (FSRU) in offshore Andhra Pradesh.

The PFA was signed in the presence of Petroleum and Natural Gas Minister Jaipal Reddy, Andhra Pradesh Chief Minister N. Kiran Kumar Reddy, GAIL (India) Chairman B.C. Tripathi, GDF Suez LNG UK CEO and President Philip Olivier and other senior officials here.