|₹275.35 / ₹209.65|
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Petronet LNG Limited has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. While the Dahej terminal has a nominal capacity of 15 MMTPA, the Kochi terminal has a capacity of 5 MMTPA. The company is in the process to build a third terminal at Gangavaram, Andhra Pradesh. The Government of India, in July of the year 1997 approved the formation of a Joint Venture Company (JVC) for securing competitive Liquefied Natural Gas (LNG) supply and for development of facilities for the import and utilization of LNG. The GAIL (India) Ltd (GAIL), Oil & Natural Gas Corporation Ltd (ONGC), Indian Oil Corporation Ltd (IOCL) and Bharat Petroleum Corporation Ltd (BPCL) formed Petronet LNG Limited as a Joint Venture company. Petronet LNG was incorporated in 2nd April of the year 1998 to import LNG and set up LNG terminals in the country. The consortium led by Mitsui OSK Lines Limited of Japan received shipping time charter contract from the company in the year 2002-03 for 2 LNG vessels of 1,38,000 cu. m capacity each.