Mumbai: Petronet LNG Ltd, the country’s biggest liquefied natural gas infrastructure company, will adopt a three-pronged strategy to expand its business in the country after the government last month allowed marketing and distribution of LNG by any entity. As part of this strategy, the company will set up 1,350 LNG dispensing stations across major national highways.
Petronet seeks to boost LNG infrastructure on highways where LNG is largely unavailable for heavy vehicles. “There is a level playing field now for setting up of LNG dispensing station. So we have planned in three phases our LNG corridor development,” Vinod K Mishra, director finance, Petronet LNG told analysts.
In the first phase, the company would put up 50 stations on five major highways, which include Western Corridor and Southern Corridor, by 2021. In the second phase, it plans to set up around 300 LNG dispensing stations on all highways and in the third phase it will set up 1,000 stations.
