Petronet LNG to invest Rs 400 billion to expand import infrastructure

Petronet LNG Limited plans to invest around Rs 400 billion over the next five years in a bid to expand its import infrastructure, and enter into a new business to increase its profitability to Rs 100 billion. These plans include raising the import capacity of its Dahej liquefied natural gas (LNG) terminal from 17.5 mtpa to 22.5 mtpa at an estimated cost of around Rs 6 billion. Additionally, Petronet LNG Limited plans to build two more LNG storage tanks at around Rs 12.5 billion.