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Project Insights

India's Petronet and ONGC considering joining Driftwood LNG

Indian companies Petronet LNG and Oil & Natural Gas Corp. are discussing the possibility of becoming involved in Tellurian’s Driftwood LNG project
By Staff reporter 5 November 2018 Asia Pacific / LNG 0 33176

Indian companies Petronet LNG and Oil & Natural Gas Corp. are discussing the possibility of becoming involved in Tellurian’s Driftwood LNG project, The Economic Times reported Petronet Managing Director Prabhat Singh as saying on Friday.

India is looking to increase the share of gas in its energy mix from 6.5% now to 15% in the next few years. The country is also facing pressure to reduce its trade surplus with the US to avoid further tariffs.

Petronet will potentially invest $500...