Petronet LNG plans $3 billion investment in overseas push

Petronet LNG aims to spend up to $3 billion in the next five years to expand overseas, setting up terminals in Sri Lanka and Bangladesh among other countries. Falling spot LNG prices have boosted consumption of the fuel in India and triggered demand for LNG infrastructure in countries long shut out of the gas trade. The company has already submitted a proposal for a 1-MTPA floating LNG terminal in Sri Lanka, which wants a gas link for its 600-MW power plant.
Petronet has previously just focused on importing liquefied natural gas (LNG) for regasification at its plants at Dahej in Gujarat and at Kochi in Kerala.