Petronet LNG has incorporated a wholly-owned subsidiary company namely ‘Petronet LNG Singapore’ at Singapore on March 07, 2022. The newly incorporated wholly-owned subsidiary Petronet LNG Singapore has been incorporated to carry out business/activities, including but not limited to purchase of LNG on long, spot and short-term basis and sale of LNG, trading of LNG to Indian and foreign companies, optimization and diversion of LNG under its portfolio, carry out hedging, purchase of LNG under LNG SPAs, sale of LNG to customers, investments in overseas ventures etc. The issued and paid-up Share capital of the Company is $500.
Petronet LNG is one of the leading players in oil and natural gas industry space. The company's promoters are GAIL (India), Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL).
