Petronet LNG, India’s biggest liquefied natural gas (LNG) importer, on Wednesday signed an agreement to invest Rs 4,500 crore in building a five-million-tonne import terminal at Gangavaram Port on the Andhra coast. This will be the country’s fifth LNG terminal after Dahej, Dahbol, Hazira and Kochi.
Gangavaram will be Petronet's third LNG import terminal. The company, at present, operates a 10-million tonne facility at Dahej in Gujarat and is building another five-million tonne terminal at Kochi in Kerala, to be ready by the year-end. A steep decline in domestic gas output, led by declining volumes from Reliance Industries-operated KG-D6 field, has made LNG imports an attractive business.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/petronet-start-work-third-lng-terminal-signs-pact-gpl
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/liquefied-natural-gas-lng
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/kochi
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gujarat
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/imports
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/andhra-pradesh
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
