LNG (LIQUIFIED NATURAL GAS)

Indian IPO for LNG play

Petronet LNG, a consortium of Indian state-owned oil and gas firms, is considering an IPO to raise funds. The capital raised will be used to fund expansions of its current, on-going projects.

The consortium is currently constructing a five tonne a year LNG import terminal at Dahej in Gujarat, which - when complete - will start receiving Qatari gas from early next year. Another project in the pipeline is a 2.5m tonne per year LNG terminal in Kerala.

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