Petronet Looks To Buy Stake In Qatari LNG Projects

Petronet Looks To Buy Stake In Qatari LNG Projects

Petronet LNG Ltd is eyeing a stake in the planned LNG expansion projects in Qatar as it looks to venture overseas to diversify its portfolio, its MD and CEO Prabhat Singh said.

Petronet, India’s biggest LNG importer, wants to buy a stake that will give it a position on the board of the Qatari company, he said.

It currently buys 7.5 million tonnes of LNG per annum from RasGas of Qatar under a 25-year contract. RasGas had in the contract promised to give 5 per cent stake to Petronet or its nominee in the liquefication plant in the Gulf nation. Read More…

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