{"id":419587,"date":"2021-06-10T11:30:30","date_gmt":"2021-06-10T06:00:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=419587"},"modified":"2021-06-10T11:30:30","modified_gmt":"2021-06-10T06:00:30","slug":"indias-petronet-to-invest-2-6-billion-for-local-expansion-over-5-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-petronet-to-invest-2-6-billion-for-local-expansion-over-5-years\/","title":{"rendered":"India&#8217;s Petronet to invest $2.6 billion for local expansion over 5 years"},"content":{"rendered":"<p>India&#8217;s top gas importer Petronet LNG NSE 1.62 % will invest $2.6 billion over five years to expand local infrastructure as investing in overseas projects is &#8216;not lucrative&#8217; in the current liquefied natural gas (LNG) surplus market, its head of finance said.<\/p>\n<p>&#8220;Right now, investment in LNG terminals anywhere outside India is not very lucrative because LNG is available at very low prices it is only recently that prices have increased&#8230; availability of LNG is plenty,&#8221; Vinod K Mishra said during an analyst call after the company reported its March quarter earnings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s top gas importer Petronet LNG NSE 1.62 % will invest $2.6 billion over five years to expand local infrastructure as investing in overseas projects is &#8216;not lucrative&#8217; in the current liquefied natural gas (LNG) surplus market, its head of finance said. &#8220;Right now, investment in LNG terminals anywhere outside India is not very lucrative because LNG is available at very low prices it is only recently that prices have increased&#8230; availability of LNG is plenty,&#8221; Vinod K Mishra said during an analyst call after the company reported its March quarter earnings.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-419587","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/419587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=419587"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/419587\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=419587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=419587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=419587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}