New Delhi, Sep 12 (TIWN) State-run Petronet LNG Ltd plans to diversify its business and enter the petrochemical segment.

Petronet had some years back planned to set up a terminal at Gangavaram in Andhra Pradesh for import of supercooled gas in ships. The company management stopped pursuing that terminal in 2015-16 on grounds that there isn't enough demand to justify a 5 million tonnes a year import facility.

Gangavaram would have been the first terminal on the east coast as Petronet owns and operates facilities at Dahej in Gujarat and Kochi in Kerala.

Soon after that Adani Group began work to set up a 5 million tonnes a year import terminal at Dhamra port in Odisha.