Petronet LNG shuns plan to buy 25% stake in GSPC’s Mundra LNG import terminal

13 Nov 2017

Petronet LNG has dropped plans to buy 25% stake in GSPC’s Rs 4,500-crore Mundra LNG import terminal in Gujarat to allow its promoter IOC to pick a larger stake. Indian Oil Corporation (IOC) has been talking to Gujarat State Petroleum Corporation (GSPC) for almost two years now for acquiring 50% stake in the 5-million tonne (MT) a year Mundra liquefied natural gas (LNG) import terminal.

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.

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