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Petronet LNG may drop Kerala project

ECONOMY & POLICY
June 1, 2014June 1, 2014
Petronet LNG may drop Kerala project
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Petronet LNG has said it may have to drop the LNG pipeline project in Kerala if outstanding procedural issues are not dealt with in a time-bound manner. According to AK Balyan, MD and CEO, the target was to complete the project by 27 May. Even assuming that the Puthuvype terminal operated at only 30 per cent, it would still earn the state Rs 900 crore to Rs 1,000 crore annually.

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