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Petronet LNG to acquire 26% stake in LNG shipping venture: Report

11 Apr 2013 Evaluate

Petronet LNG is reportedly planning to acquire 26% stake in a shipping venture planned to haul gas to its new terminal at Kochi in Kerala. The company requires vessel to ship 1.44 million tonne per annum of LNG from Gorgon, Australia.

In this regard, the company has called for bid to select ship-owners and operators for transporting LNG to the Kochi terminal, which is scheduled to become operational by this year. It will hold 26 per cent of the company formed by the successful ship-owning and operating consortium. The balance 74 per cent will be distributed among the ship-owners and operators.

Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.

Petronet LNG Share Price

273.05 1.50 (0.55%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
Petronet LNG 273.05
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