Petronet LNG has invited bids to lease its under-utilised storage tanks at its recently commissioned LNG import facility at Kochi in Kerala.

The lease two liquefied natural gas (LNG) storage tanks are for two years, Press Trust of India reported.

Petronet said in the notice inviting tenders that Kochi LNG terminal has two LNG storage tanks of nearly 182,000 cubic meters gross capacity each and regasification facilities.

"Petronet plans to lease out a part of the storage capacity for a period of about two years initially at Kochi," Petronet added.

"Expression of interest is invited from established, experienced and bona fide LNG suppliers/traders/terminal operators for short to medium-term leasing of storage capacity."

"The commercials associated with the utilisation of terminals will be as per international norms and are negotiable."