New Delhi, April 18, 2012 : Andhra Pradesh Gas Distribution Corporation Limited (APGDC), a company jointly promoted by GAIL Gas Limited (GGL) and Andhra Pradesh Gas Infrastructure Corporation Private Limited (APGIC), has today signed a Project Framework Agreement (PFA) with GDF Suez LNG UK Ltd. for jointly setting up a Floating Storage and Regasification Unit (FSRU) in offshore Andhra Pradesh.
The Project Framework Agreement was signed in the presence of Shri S. Jaipal Reddy, Hon’ble Minister of Petroleum and Natural Gas, Government of India and N. Kiran Kumar Reddy, Chief Minister of Andhra Pradesh. B C Tripathi, Chairman & Managing Director, GAIL (India) Limited, Sutirtha Bhattacharya, Principal Secretary, Infrastructure and Investment, Government of Andhra Pradesh, Philip Olivier, President & CEO, GDF Suez LNG UK, S Narayan, MD APGDC and other senior officials from GAIL, APGDC, GAIL Gas Limited, GDF Suez UK LNG and APGIC also graced the occasion.
Under the PFA, APGDC and GdF Suez shall jointly conduct a feasibility study and target commissioning of the FSRU project by the end of 2013.