Asian player greenlights investment plan for $735 million LNG facility

29th July 2025 - Nishant Ugal

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Petronet LNG board recently approved an “in-principle additional investment” for setting up a 5 million tpa onshore LNG facility near India's east coast

India’s Petronet LNG has approved the investment plan for its upcoming onshore liquefied natural gas regasification terminal at Gopalpur Port, Odisha.

The Petronet LNG board recently approved an “in-principle additional investment” for setting up a 5 million tonnes per annum onshore LNG terminal at Gopalpur following an earlier approval of a 4 million tpa floating storage and regasification unit-based terminal.

The company informed the Mumbai-based National Stock Exchange (NSE) that the envisaged greenfield onshore facility would involve 40,488 million rupees ($468.1 million) of additional investments, including taxes and duties.

Courtesy of: https://www.upstreamonline.com/lng/asian-player-greenlights-investment-plan-for-735-million-lng-facility/2-1-1850710