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Petronet signs agreements with GAIL, IOC and BPCL

Petronet LNG Limited (PLL) and its off takers – GAIL, IOCL and BPCL have signed the downstream related agreements for supply of regasified LNG from its Kochi Terminal. The agreement was signed last week at kochi, a Petronet press release said.

Kochi terminal according to the company is the second terminal by Petronet LNG and one of the fastest terminals they have put in place in the stipulated time frame. The mechanical work of the terminal is expected to be completed by December 2011, and to be operational from March 2012.

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