Malaysian state-owned oil and natural gas producer Petroliam Nasional Berhad (Petronas) has expressed its interest to pick stake in Indian Oil Corporation’s under-construction 5-million tonne a year (MTPA) LNG import terminal at Ennore.
The Malaysian firm is the second firm after Petronet LNG, India's biggest liquefied natural gas (LNG) importer, to have expressed interest in taking a stake in the Ennore plant.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.