Petronet LNG to make Rs 23 Billion investment in Gopalpur project
Government-owned oil and gas company Petronet LNG has taken the final investment decision on its proposed floating storage and regasification unit-based LNG import project at Gopalpur. This would be the company's first such facility on the nation’s east coast. The company's board has approved the 4 million tonnes per annum Gopalpur LNG phase one import project, which requires an investment of Rs 23.06 billion.
The project is expected to be operational before the end of 2025 and will be financed by a combination of debt and equity.
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