• SENSEX
    NIFTY 50
VIDEOS
Energy

Petronet LNG expects gas imports to double in next 10 years; plans to add 8 LNG stations

Updated : September 30, 2020 03:44 PM IST

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.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement