SOURCE: Industrial Info Resources

Industrial Info Resources

January 31, 2012 06:20 ET

Petronet Plans LNG Terminal as Indian Demand for Gas Soars, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - Jan 31, 2012) - Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas) -- Riding on the massive demand growth for natural gas in India, state-owned Petronet LNG Limited (New Delhi) plans to construct a $900 million liquefied natural gas (LNG) terminal at Gangavaram in Andhra Pradesh. In 2009, Petronet LNG signed an agreement with two Australian subsidiaries of ExxonMobil (NYSE:XOM) (Irving, Texas) to supply LNG to its Kochi terminal from the Gorgon LNG project.

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