According to various sources, Petroleum Secretary B K Chaturvedi, who also happens to be the chairman of Petronet, has already the development, although an exact timetable is yet to be finalised.
It has also been revealed that when Petronet’s expansion of its Dahej LNG terminal rises to 10 million tonnes per annum, half the amount will be distributed under a new ration which would see 2.5 million tonnes shared equally amongst Petronet promoter firms Gail (India) Ltd, Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Oil and Natural Gas Corp (ONGC) and the balance for Petronet to market directly to consumers.
The current ratio between Gail, IOC and BPCL is 60:30:10 and state-owned IOC, ONGC, GAIL and BPCL each hold a 12.5% stake in Petronet. Currently, Petronet is a service provider only which imports LNG, stores LNG and provides re-gasification services.
