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Mangalore Refinery and Petrochemicals Ltd (MRPL) and New Mangalore Port Trust (NMPT) have signed a memorandum of understanding (MoU) to study the feasibility of setting up an LNG re-gassification terminal in Mangaluru.
A press release by the company said here that the MoU facilitates to initiate feasibility and other associated studies to identify the most suitable location for the facility, and to consider the option of setting up LNG terminal/Floating Storage Regasification Unit (FSRU).
Once set up, LNG terminal will bring cleaner and greener energy as a fuel option to the entire region, it said, adding that it will be advantageous to industries using naphtha as fuel.
H Kumar, Managing Director of MRPL, and PC Parida, Chairman of NMPT, had signed the MoU on Wednesday.
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