Petronet LNG Limited is planning on investing Rs 400 billion over the next four to five years. This includes an overseas liquified natural gas (LNG) plants. Petronet plans on making foray into the petrochemical business by investing Rs 125 billion in a Propane Dehydrogenation Plant that will convert imported feedstock into propylene, as well as setting up a floating LNG import facility at Gopalpur in Odisha at an investment of of Rs 16 billion.
Moreover, Petronet will also invest over Rs 170 billion in petrochemical foray as well as domestic LNG import capacity addition. Of this, Rs 6 billion will be spent in raising the capacity of Dahej LNG import terminal in Gujarat to 22.5 million ton per annum from the current 17.5 million ton. In addition to this, Rs 12.45 billion will be spent on building an additional storage tank and bays for truck loading of LNG.