Petronet LNG, which is the country’s biggest natural gas importer, plans to go upstream through acquisition of stakes in on shore gas field in
The company is looking at these so-called farm-in arrangements for gas fields with total reserves of 7-12 trillion cubic feet (tcf) gas. These reserves would be able to support a 5-7 million tonne liquefaction plant for a 25-year period. Setting up of a plant of this capacity typically involves an investment of $8-10 billion and could take at least 5-6 years.
The due diligence at both these locations is over. The talks on financial valuation are expected to begin shortly. The purpose behind this initiative is to secure an independent source of energy supply for
The purchase of stake in gas fields and setting up of liquefaction plants would require a total investment of as much as $32-40 billion, which will be funded through a mix of debt (70 per cent) and equity (30 per cent).
crackcrackCompany Name | CMP |
---|---|
GAIL India | 208.00 |
Petronet LNG | 302.65 |
Linde India | 8380.05 |
Confidence Petroleum | 91.60 |
Refex Industries | 160.20 |
View more.. |