25 April 2024
India's Petronet LNG planning to raise $1 billion in debt in 2012
Publication date: 13 June 2012
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
India's biggest LNG importer Petronet is planning to raise $1 billion in debt this year, finance director R.K. Garg told Bloomberg on Tuesday. Petronet will use $600 million to construct a new 5 mtpa capacity LNG terminal at Gangavaram port in Andhra Pradesh state on the east coast, and the remaining $400 million will be spent expanding the Dahej LNG terminal in the western state of Gujarat from its current 10 mtpa to 15 mtpa.