Petronet is aiming to expand its presence in the South Asian region, led by a strong demand for imported gas, as global spot LNG prices remain low.
Chief executive Prabhat Singh told Reuters that Petronet is “thinking global”, and that the company has the potential to invest up to $600 million each year over the next five years.
Singh said the company plans to invest close to $750 million to build a 5 million tonne per annum import terminal at Kutbdia in Bangladesh.
