PSU PRESS RELEASE
Petronet LNG sees Kochi terminal at 40 pct capacity by 2019
GANDHINAGAR India's biggest gas importer Petronet LNG expects its 400 km pipeline connecting the Kochi LNG terminal in the south to industries further north to be ready in two years, managing director Prabhat Singh told Reuters.
The Kochi terminal, which will supply LNG to the western state of Karnataka, will run at 40 percent capacity by 2019, Singh said on Wednesday, on the sidelines of the Vibrant Gujarat investment summit.
The terminal will make an expected loss of 3.5 billion rupees ($51.22 million) in the current fiscal year, but it will swing to a profit of 2 billion rupees in the fiscal year to March 2019, he added. (Reuters) / Yahoonews.com
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