Petronet LNG has initiated talks for buying 26% stake in Indian Oil Corporation’s (IOC's) under-construction 5 million tonne (MT) LNG terminal at Ennore. The board of directors of the company has also approved making a formal proposal to Bangladesh for setting up of a 7.5 MT a year LNG terminal at Kutubdia Island.
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.