Petronet LNG is in talks to buy 25% stake in Gujarat State Petroleum Corporation’s (GSPC) Rs 4,500-crore Mundra LNG import terminal in Gujarat. The 5-million tonne a year import terminal, the third facility in Gujarat for import of natural gas in its liquid form in ships, is nearing completion and GSPC is keen to shed some of its stake to lighten its debt burden.
Petronet LNG is engaged in sale of re-gasified liquefied natural gas (RLNG). The company is engaged in the import and re-gasification of liquefied natural gas (LNG). The company operates through the segment of natural gas business.