News: As per The Economic Times, Petronet LNG may look at setting up a fourth facility in the country to meet the rising energy demand. The company also plans to make a foray into the petrochemical business by investing Rs 12500 crore in a Propane Dehydrogenation Plant at Dahej to convert imported feedstock into propylene
Views: Petronet currently operates a 17.5 MTPA LNG import facility at Dahej in Gujarat and another 5 MTPA facility at Kochi in Kerala. It is looking to set up a LNG import terminal (4 MTPA) at Gopalpur in Odisha in the next 3 years at a cost of Rs 1600 crore. For Petchem venture, the company plans to build a jetty at Dahej (costing Rs1650 crore and will take three years to build) and would import ethane and propane.
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