LNG storage tank lease deal in two months.

Petronet LNG Limited, which has set up its LNG terminal at Puthuvype here, is going ahead with the plan to lease its storage facilities.

The process for the leasing of part of the 5 mmtpa (million metric tonnes per annum) terminal is in progress and a final deal is likely to be struck within two months, according to officials of the company.

The company had invited proposals from LNG suppliers, traders and other operators for short-to-medium term leasing of storage capacity. Petronet has received very good response from national and international entities and the proposals were being examined before entering the next stage of the process, a top official told The Hindu.

THE HINDU