India’s Petronet is in talks to purchase a 16% stake in the Ennore LNG terminal, which is being built by Indian Oil Corp. on India’s east coast, according to The Economic Times.
The 5 mtpa facility is expected to cost INR 51.5 billion ($802 million). Petronet is also reportedly in talks with Gujarat State Petroleum Corp. to purchase a stake in the Mundra LNG terminal, which is being built in Gujarat.
Talk to us
Natural Gas Daily welcomes your comments. Email us at firstname.lastname@example.org.