Petronet LNG expects gas imports to double in the next ten years as the country imports almost 50 percent of the gas, and there is no visibility of entire domestic demand being fulfilled via domestic production.
In an interview to CNBC-TV18, Vinod Kumar Mishra, director - finance, said, "The central government is considering setting a base for domestic gas prices."
Mishra said starting tomorrow, the domestic gas price is expected at $1.90/mmBtu, much lower than imported LNG.
Talking about capacity utilization at Kochi, he said the unit is at 18-20 percent and it should increase to 35-40 percent in some time. Also, the company is planning to add eight LNG stations, five in collaboration with Gujarat Gas.