India’s biggest gas importer Petronet LNG Ltd wants to build up its liquefied natural gas (LNG) regasification capacity in the east of the country where supply is limited, after focussing till now on the west, the CEO said on Thursday.
Natural gas accounts for about 6.5 percent of India’s overall energy needs, far lower than the global average. The government wants to lift it to 15 percent in next few years.
India has four LNG terminals to import gas, but all of them are in the west. They have combined annual capacity of about 22 million tonnes. The Indian Oil Corp’s Ennore terminal, the first on the east coast, will become operational next year.
Petronet wants at least a 25 percent stake in the Ennore terminal, Managing Director and CEO Prabhat Singh said. Read More…