Petronet to invest Rs 400 billion, including in overseas LNG plants

Petronet LNG Limited intends to invest Rs 400 billion over the next four to five years, including some investment in overseas supply sources. Petro­net LNG plans to make a foray into the petrochemical business by investing Rs 125 billion in a propane dehyrdrogenation plant that will convert imported feedstock into propylene. Additionally, it envisages constructing a floating liquefied natural gas (LNG) import facility at Gopalpur, Odisha, for Rs 16 billion. The company will also invest Rs 6 billion in the Dahej LNG import terminal in Gujarat and Rs 12.45 billion in storage tanks and bays for truck loading of LNG.

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