Petronet may look at building 4th LNG import terminal

Petronet LNG NSE 0.71 % Ltd, the operator of the world’s largest liquefied natural gas (LNG) import terminal, may look at setting up a fourth facility in the country to meet the rising energy demand in Asia’s third-largest economy, its CEO A K Singh said. Petronet operates a 17.5 million tonnes a year LNG import facility at Dahej in Gujarat and another 5 million tonnes facility at Kochi in Kerala. It is looking to set up a floating LNG import terminal at Gopalpur in Odisha in the next 3 years at a cost of Rs 1,600 crore.