(LiveMint)
Petronet LNG Ltd, India’s top gas importer, plans to invest ₹2,100 crore to expand its terminal capacity in Dahej, Gujarat, from 15 million tonnes per annum (MTPA) to 20MTPA in the next two or three years, said two officials close to the development. Of the total, ₹1,300 crore would be used to expand the Dahej terminal, while ₹800 crore will be spent on building LNG storage tanks, they said, requesting anonymity.
Petronet LNG, which built India’s first LNG receiving and regasification terminal at Dahej, operates another terminal in Kochi. The Kochi terminal has a capacity of 5 MTPA. The company is in the process of building a third terminal, at Gangavaram, Andhra Pradesh. An investment proposal for the expansion in Dahej has been recently submitted to the Gujarat Maritime Board—the regulator for all the non-major ports and maritime activities in Gujarat, confirmed a senior Gujarat government official, who did not wish to be named.
A Petronet LNG official declined to comment. A company official did not respond to an emailed query. As a precursor to the ninth Vibrant Gujarat Global Summit, scheduled during 18 to 20 January in Gandhinagar, GMB had organized a road-show in Mumbai on 21 December. The road-show was aimed at highlighting the competitive strength of Gujarat and attracting investments in the state’s maritime sector, said a GMB official, requesting anonymity.
